Thursday, May 21, 2009

Cushman & Wakefield Negotiates Sale of Joint Venture Interest in Celebration Office Center III

ORLANDO, FL – May 21, 2009 – Cushman & Wakefield negotiated the sale of a joint venture
interest in Celebration Office Center III (top right photo) in Orlando, Florida.

This property will serve as the headquarters for Disney Vacation Development, part of the Parks and Resorts segment of the Walt Disney Company. The transaction closed on May 13, 2009.

The sale included interest in the three story, Class A, 100,924 square foot office building located
in Celebration Office Center III adjacent to the Walt Disney World campus.

Mr. Davis was quoted as saying, “Despite difficult market conditions, investors continue to find Central Florida an attractive market to acquire Real Estate.”

Executive Director, Mike Davis (middle left photo) (Capital Markets) and Associate Director, Rick Brugge, CCIM (bottom right photo)(Capital Markets) negotiated the sale on behalf of the seller, Duke Realty Corp.

The buyer was a joint venture between Duke and CB Richard Ellis Realty Trust.

Contact: Debbie P’Simer, 813-204-5333, debbie.p’simer@cushwake.com

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