Starwood Hotels & Resorts Launches First Dedicated Customer Toll Free Number in Vietnam

SINGAPORE — Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced the launch of a dedicated customer toll free number for Vietnam.

Starwood is the first international hotel group to introduce a toll free reservation and enquiry hotline : 1206 5111 for customers in Vietnam.

The calls will also be answered by native Vietnamese associates.

In conjunction with the launch of the toll free number, Starwood Hotels & Resorts also announces that its newest addition to Vietnam : Sheraton Nha Trang Hotel & Spa (top right photo) officially opens its reservation lines today.

“Vietnam is among the fastest growing nation in Southeast Asia and in the world and has been experiencing strong leisure and business travel within and into the country," says Patricia Neo, Senior Director, Customer Contact Centre for Starwood Hotels & Resorts Asia Pacific. "The growing demand presents us with tremendous opportunities to better serve the needs of guests here."

Contact: Hwee-Peng Yeo, Tel : +65 6335 4837; Cell : +65 9768 6087; +65 9248 0424
Fax : +65 6335 4820
http://www.starwoodhotels.com/; http://www.starwoodpressclub.com/

Four points by sheraton kicks off promotional activities in China

SHANGHAI, CHINA – In celebration of Four Points by Sheraton being appointed as the official hotel partner for the upcoming 2009 Asia Euro All Stars Table Tennis Series, Four Points by Sheraton kicks off a series of hotel marketing and promotional activities in China including Beijing, Shanghai, Hangzhou, Changshu, Shenzhen and Lhasa.

A series of marketing and promotional activities take place from now until August 27, 2009.

SPG Moments at Four Points by Sheraton Beijing, Haidian (top right photo)

As the host hotel of 2009 Asia-Europe All Star Table Tennis Series, Four Points by Sheraton Beijing, Haidian offers all Starwood Preferred Guest members a once in a lifetime SPG moments opportunity. Table tennis fans will get a chance to play one-on-one table tennis with each of four top world ranked table tennis players.

Contact: Hwee-Peng Yeo Tel : +65 6335 4837; Cell : +65 9768 6087; +65 9248 0424
Fax : +65 6335 4820
http://www.starwoodhotels.com/; http://www.starwoodpressclub.com/

Wyndham Brand Enters Oklahoma with Opening of New Hotel

PARSIPPANY, NJ– Wyndham Hotels and Resorts today announced its continued expansion in North America with the opening of its first hotel in Oklahoma: the 244-room Wyndham Garden Hotel Oklahoma City Airport. (top left photo)

“Oklahoma’s capital continues to be one of the Midwest’s most dynamic travel hubs,” said Jeff Wagoner, (bottom right photo) president of Wyndham Hotels and Resorts.

“With the addition of Wyndham Garden Hotel Oklahoma City Airport to our growing portfolio, we are now able to provide visitors with the personalized service and style that has become a hallmark of the Wyndham brand.”

Owned and operated by Fianna Oklahoma, LLC, the newly renovated hotel underwent a multi-million dollar renovation before joining the Wyndham system.

Guest rooms feature complimentary high-speed wireless Internet access, 32-inch flat-screen televisions, Wyndham signature BeWellTM bedding and granite bathroom countertops.

The property also features a 24-hour airport shuttle, state-of-the-art business and fitness centers, heated indoor pool, game room, laundry service, shoe-shine service, express check-out and more than 7,000 square feet of meeting space, with the largest room capable of accommodating up to 500 guests.

CONTACT: Evy Apostolatos, 973-753-6590, evy.apostolatos@wyndhamworldwide.com

Hotel Pros Martin Armistead and Clyde Guinn Join Wyndham Hotel Group

PARSIPPANY, NJ– Lodging industry veteran Martin Armitstead (top right photo) has joined Wyndham Hotel Group, the world’s largest hotel company with approximately 7,000 hotels and 11 brands, as senior vice president of development for the Europe, Middle East and Africa (EMEA) region.

Based in Wyndham Hotel Group’s London office, Armitstead is tasked with increasing the company’s EMEA portfolio through further expansion of its Wyndham®, Ramada®, Days Inn® and Super 8® brands through management contracts and franchise agreements.

Armitstead is an accomplished global executive with over three decades of experience and has executed development deals in more than 50 countries. He previously served as director and head of hospitality, EMEA, for DTZ Hospitality Group, a London-based real estate and investment banking firm.

Clyde Guinn Appointed President of Days Inn

PARSIPPANY, NJ – Thirty-five-year hospitality professional Clyde Guinn (bottom right photo) has joined Wyndham Hotel Group, the world’s largest hotel company with approximately 7,000 hotels and 11 brands, as president of the Days Inn® chain.

Guinn will be responsible for the growth and performance of the brand, which currently has a portfolio of more than 1,850 hotels and nearly 150,000 rooms around the world, and will work closely with the brand’s operations and property openings, design and development, franchise services, quality assurance, training, development and marketing teams.

He comes to the company after serving more than nine years as senior vice president of operations for Stanford Hotels Corporation, a San Francisco-based hotel company specializing in the development and management of full-service hotels spanning various brands.

Contact: Rob Myers, Communications, 973-753-6590, rob.myers@wyndhamworldwide.com

Marcus & Millichap Names New VPs

KENT WILLIAMS PROMOTED TO SENIOR VICE PRESIDENT IN SAN DIEGO

SAN DIEGO, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Kent Williams (top right photo) to senior vice president, according to Harvey E. Green, president and chief executive officer of Marcus & Millichap.

“Kent is a tremendous resource for our investment professionals and investor clients in San Diego and throughout Southern California,” explains Green. “Under his leadership, the San Diego office has consistently ranked as one of Marcus & Millichap’s top-producing offices nationwide.” Williams joined Marcus & Millichap in 1991 as an agent in the Ontario office.

BRAD NATHANSON IS NEW VICE PRESIDENT INVESTMENTS IN PHILADELPHIA OFFICE

PHILADELPHIA, PA– The board of directors of Marcus & Millichap Real Estate Investment Services has named Brad Nathanson (middle left photo) the position of vice president investments. Spencer I. Yablon is regional manager of the firm’s Philadelphia office. Nathanson began his career with Marcus & Millichap in 2003, specializing in the sale of retail properties.

AARON BOVE MOVES UP TO VICE PRESIDENT INVESTMENTS IN SAN DIEGO

SAN DIEGO, CA-- The board of directors of Marcus & Millichap Real Estate Investment Services has named Aaron Bove (middle right photo) to the position of vice president investments. Kent R. Williams is senior vice president and regional manager in the firm’s San Diego office. Bove began his career with Marcus & Millichap in 2001, specializing in the sale of multi-family properties.

THREE AGENTS NAMED TO VICE PRESIDENT INVESTMENTS IN SACRAMENTO

SACRAMENTO, CA – The board of directors of Marcus & Millichap Real Estate Investment Services has named Scott Crowle, (middle left photo) Ryan DeMar (middle right) and Robert “Bobby” Loeffler to the position of vice president investments. Robert B. Hicks is senior vice president/regional manager in the firm’s Sacramento office.

Scott Crowle began his career with Marcus & Millichap in 2002, specializing in retail properties. Ryan DeMar began his career with Marcus & Millichap in 2003, specializing in the sale of multi-family properties. Robert “Bobby” Loeffler began his career with Marcus & Millichap in 1999, specializing in multi-family properties.

DOROTHY JACKMAN STEPS UP TO VICE PRESIDENT INVESTMENTS IN TAMPA

TAMPA, FL– The board of directors of Marcus & Millichap Real Estate Investment Services has named Dorothy Jackman (middle left photo) to the position of vice president investments. Bryn D. Merrey is regional manager in the firm’s Tampa office. Jackman began her career with Marcus & Millichap in 2003. She specializes in the sale of student housing properties.

MICHAEL EARLY PROMOTED TO VICE PRESIDENT INVESTMENTS IN SOUTHERN VIRGINIA

WILLIAMSBURG, VA – The board of directors of Marcus & Millichap Real Estate Investment Services has named Michael Early (bottom right photo) to the position of vice president investments. Gary R. Lucas is regional manager in the firm’s Southern Virginia office. Early joined Marcus & Millichap in 2000. He specializes in retail and net-leased investment sales.

ALVIN MANSOUR PROMOTED TO SENIOR VICE PRESIDENT INVESTMENTS IN SAN DIEGO

SAN DIEGO, CA – The board of directors of Marcus & Millichap Real Estate Investment Services has promoted Alvin Mansour (bottom left photo) to the position of senior vice president investments. This achievement is one of the highest levels of recognition the firm awards to its investment specialists.

“Alvin has earned a reputation as one of the most knowledgeable investment specialists in the nation,” says Kent Williams, senior vice president and regional manager of the firm’s San Diego office.

Mansour began his career with Marcus & Millichap in 2003 as an agent in the San Diego office. He specializes in retail and single-tenant net leased investments and serves as a director of both the National Retail Group and Net Leased Properties Group.

Press Contact: Stacey CorsoCommunications Department(925) 953-1716

National Retail Properties Declares Dividend for Its Series C Preferred Stock

ORLANDO, FL /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable September 15, 2009, to shareholders of record on Aug. 31, 2009. The dividend represents an annualized rate of $1.84375 per depositary share.

For more information on the company, visit www.nnnreit.com.
Contact: Kevin B. Habicht, Chief Financial Officer, +1-407-265-7348

Grubb & Ellis Selected to Market 654 Acres on South Padre Island

SAN ANTONIO, TX– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Cameron Acquisitions LLC has selected the company to market 654 acres of land for sale on South Padre Island, (bottom left photo) located on the Gulf of Mexico.

The property will be jointly marketed by Kit Corbin, (top right photo) an executive vice president in Grubb & Ellis’ San Antonio office, and Mary Phillip of SPI Coastal Properties, which is located on South Padre Island.

Located approximately seven miles from the Queen Isabella Causeway, the land offers more than 1.5 miles of beach frontage along the Gulf of Mexico, as well as 1.4 miles of frontage on Laguna Madre Bay. It is within two miles of the South Padre Island Convention Center.

“We believe that the site will be attractive to mixed-use developers and owners who are interested in creating a beach resort near the popular South Padre Island resort community,” Corbin said.

“With excellent frontage on a beach with water that’s crystal clear, the land is in an excellent location for a hotel, retail, condo or residential development.”

Contact: Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

New Faces at Grubb & Ellis

Andrew Hitchcock is Vice President, Industrial Group for South Puget Sound market

SEATTLE, WA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Andrew Hitchcock has joined the company as vice president, Industrial Group, effective immediately. Hitchcock will focus on industrial leasing and sales throughout the South Puget Sound industrial marketplace.

“Andrew provides his clients with a level of professionalism that is unmatched,” said Bill Condon, (top right photo) vice president and managing director of Grubb & Ellis’ Seattle office. “His passion, work ethic and knowledge of the industrial market have made him successful as a brokerage salesperson. He will be a valuable addition to our team.”

Hitchcock joins Grubb & Ellis from Colliers International.

Contacts:

Erin Mays, 312.698.6735, erin.mays@grubb-ellis.com
Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

Andrew Dornbusch Joins Grubb & Ellis Securities as Regional Vice President

SANTA ANA, CA – Grubb & Ellis Securities, Inc. announced that Andrew Dornbusch has joined the company as a regional vice president. In his new role, Dornbusch is responsible for raising equity in the states of Colorado, Kansas and Nebraska for the various real estate investment programs sponsored or advised by the investment subsidiaries of Grubb & Ellis Company (NYSE: GBE).

These programs include Grubb & Ellis Apartment REIT, Inc. and Grubb & Ellis Healthcare REIT, Inc., both publicly registered non-traded real estate investment trusts.

“Andrew is an accomplished sales professional with an exceptional reputation and thorough understanding of the industry and his markets,” said Richard Arnitz, executive vice president of sales with Grubb & Ellis Securities.

Dornbusch joins Grubb & Ellis from Inland Securities Corp., where he served as first vice president. Prior to entering the securities field, he served as an attorney with Dorsey & Whitney LLP.

Contact: Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com

Brookfield Stock Issue Grosses $1.04B; Weingarten Offering Set at $100M; HPT Selling 8M Shares

NEW YORK, NY—Another busy day in the financial markets.

Brookfield Properties Corp. announced its underwriters exercised their entire over-allotment option to purchase an additional 7.125 million common shares of Brookfield Properties at a price of $9.50 per share.

At the same time, Brookfield Asset Management (BAM: NYSE, TSX) is purchasing directly or indirectly 7.125 million shares representing an equivalent number of shares on a pro rata basis.

The gross proceeds to Brookfield Properties from the exercise of the over-allotment option and the concurrent sale of additional shares to Brookfield Asset Management total $135.4 million.

The total gross proceeds to Brookfield Properties raised in the equity offering from the combined share issuances total $1.04 billion.

Closing is expected to occur on August 21, 2009. RBC Capital Markets, Citi, Deutsche Bank Securities and TD Securities are acting as joint book-running managers.

Weingarten Realty Investors Prices $100M of Senior Unsecured Notes

In Houston, TX, Weingarten Realty Investors (NYSE:WRI) announced today the pricing of $100 million of 8.10% notes due 2019 in an underwritten public offering through Wells Fargo Securities, LLC, RBC Capital Markets Corp. and Morgan Keegan & Co., Inc., as joint book-running managers.

The offering is expected to close on Aug. 19, 2009, subject to customary closing conditions.

The company intends to use the net proceeds of the offering for general business purposes, including reducing amounts outstanding under its revolving credit facility.

Hospitality Properties Trust Selling 8M Common Shares

In Newton, MA, Hospitality Properties Trust (NYSE: HPT) announced it has priced a public offering of eight million common shares at $17.25 per share. The settlement of this sale is expected to occur Aug. 14, 2009.

HPT expects to use the net proceeds to repay debt and for general business purposes. The underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 shares to cover over allotments, if any. The offering size was increased from the previously announced five-million-share offering.

The joint book-running managers are Morgan Stanley, Citi and RBC Capital Markets. The co-lead managers for this offering are Morgan Keegan & Co., Inc., UBS Investment Bank and Wells Fargo Securities. The co-managers for this offering are Janney Montgomery Scott and Oppenheimer & Co.

HFF Arranges $72M Financing of London Properties for TJAC International

In Boston, MA, Holliday Fenoglio Fowler, L.P. arranged $72 million in financing for TJAC International on two multifamily properties in London, England.

Working on behalf of the borrower, HFF director Anthony Cutone placed the loan through CTL Capital, LLC.

Proceeds are being used to acquire and renovate the properties for residential use. Andrew Mann, a managing partner at The Triad Group, represented the buyer, TJAC International, in the sale.

The two properties are located in the Bloomsbury area of central London close to two London Underground stations and numerous hospitals and academic institutions. Byron Court, located at 24-36 Mecklenburgh Square, is a five-story 53-unit building and 74-76 Guilford Street will have 19 residential flats post renovation.

HFF arranges $27.5M refinancing for retail power center in Torrance, CA

LOS ANGELES, CA – The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $27.5 million refinancing for Torrance Promenade, (top left photo) a 266,847-square-foot retail power center in Torrance, California.

Working exclusively on behalf of Kimco Realty Corporation, HFF director Tina Derderian placed the five-year, 7.25% fixed-rate loan with an off-shore pension fund.

Kimco Realty Corporation is a public retail real estate investment trust (REIT) specializing in the ownership and management of neighborhood and community shopping centers throughout the United States.

Torrance Promenade is located at 19800 to 20100 Hawthorne Boulevard two miles south of the 405 Freeway in Torrance. Major tenants include Trader Joe’s, Office Depot, Marshalls, Same Ash Megastore, Ross Dress for Less, Loehman’s, Tuesday Morning and Party City.

In addition, a Sears Outlet, the center’s largest tenant, recently opened. Current occupancy is 85%.

“Torrance Promenade boasts consistently high sales and occupancy rates, which are in part due to the advantageous location along the area’s main retail corridor near affluent Southern California cities including Torrance, Palos Verdes, Redondo Beach and Hermosa Beach,” said Derderian.

Contacts:

Tina Derderian, CPA CA Lic. # 01816996, HFF Director (310) 407-2100, tderderian@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF arranges $9.1M construction loan for West Orange, NJ medical office condominium building

FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $9.1 million construction loan for 375 Mt. Pleasant Avenue, (top right rendering) a medical office condominium building currently under construction in West Orange, New Jersey.

HFF senior managing director Jon Mikula (middle right photo) and associate director Michael Klein (bottom left photo) worked exclusively on behalf of The Hampshire Companies to secure the 24-month, adjustable-rate loan through Valley National Bank.

The loan has two, one-year extension options. Since 2001, HFF has arranged more than $375 million in financing for The Hampshire Companies.

The property, which is situated on an 11-acre parcel, was the former Organon headquarters campus.

Due for completion by year end 2009, 375 Mt. Pleasant Avenue will have 106,000 square feet of medical office condominium space. The property’s first tenant, New Jersey Cardiology Associates, has taken occupancy in a 22,524-square-foot space in the first phase of the building.

The property is close to Interstate 280 approximately 14 miles west of Manhattan in West Orange.

“Upon completion, the property will feature modern design and amenities such as garage parking for doctors and senior staff; an added convenience for both patients and employees,” said Mikula. “In addition, the building is zoned ‘hospital’, which makes the subject a fit for all medical uses.”

The Hampshire Companies, a full-service, private real estate investment manager with equity in assets valued at over $2 billion, targets the development or purchase, and operation of investment-grade neighborhood supermarket-anchored centers, single-tenant retail facilities, warehouse/distribution facilities, office buildings, and self storage facilities located in the Mid-Atlantic and Northeast regions of the United States.

The company currently operates a diversified national portfolio of properties totaling more than 20 million square feet with $1 billion of equity under management.

Contacts:

Jon Mikula, HFF Senior Managing Director, (973) 549-2000, jmikula@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

Lisa Bailey Joins Morrison Commercial Real Estate

ORLANDO, FL (Aug,, 2009): Morrison Commercial Real Estate is proud to announce that Lisa Bailey (top right photo) has joined its team as Vice President.


Bailey, a 20-year veteran of commercial real estate, has been a leader in the Orlando commercial real estate market, successfully completing over 700 transactions.


Bailey, who was named a CoStar Power Broker earlier this year and earned a spot in Florida Real Estate Journal’s Top 20 Women in Commercial Real Estate in 2007, is a CCIM candidate and serves on the board of the Central Florida Chapter of CCIM.


In her role at Morrison Commercial, Bailey will be representing clients throughout Central Florida with a focus on the leasing and sale of office and industrial properties. She brings to Morrison Commercial a portfolio of listing assignments totaling 960,000 square feet.

Addressing the qualities Bailey brings to Morrison Commercial Real Estate, Greg Morrison (bottom left photo) said, “I am pleased to have Lisa join the firm. I’ve worked with her in the past and have always been impressed with her business and work ethics. Lisa’s experience and track record make her a perfect fit for our team.”

Contact: Greg Morrison, 407.219.3500, gmorrison@morrisoncre.com

CBRE Reports Commercial Real Estate Prospects for Rest of Year are Mixed

BOSTON, MA--Prospects for commercial real estate during the balance of this year remain mixed.

"Back from the Brink... But What Next?," a new Global MarketView issued by CB Richard Ellis Research and Consulting, sees some stabilization and recovery for the commercial real estate market at the mid-point of 2009.

The report notes the obvious indicators of weak market conditions but also identifies some positive developments, including initial signs of recovery in some regions.

Summary

There has been an uptick in investment sales volume in Asia, where the market has adjusted quickly and pricing may have hit bottom in some cities in Q2. However, overall prime office rental rates in Asia dropped in Q2 and a number of office markets continued to record negative net absorption and falling occupancy rates.

In the Pacific, there were signs that property markets was stabilizing after 18 months of turmoil caused by the global financial crisis. Some larger investment transactions are finally taking place; the amount of sublease office space coming onto the market is slowing; and both consumer and business confidence measures are now improving.

Activity in the EMEA investment market inched up to €13 billion, from €11.6 billion in Q1 2009. While it is too early to predict a sustained upturn, there is some expectation that Q4 could see a modest further improvement in transaction volumes. However, office leasing activity in the main European markets is still very subdued.

Vacancy rates in the U.S. office, industrial and retail property markets continued to rise in Q2 2009. The U.S. office vacancy rate increased by 80 bps during Q2 2009 to 15.5%, while the national industrial availability rate increased 80 bps during Q2 2009 to 13.0%. However in Canada, office vacancy rose at a slower rate then in the U.S.

The report was prepared by Nick Axford (middle right photo), Andrew Ness middle left photo), Kevin Stanley (bottom left photo), Raymond Wong (top left photo) and Raymond Torto (top right photo).

For further details on the CBRE report, please contact
TL-ZZkiJ683193t7394CP00@cbremarketing.com or rtorto@cbremarketing.com

Florida's Existing Home, Condo Sales Rise in 2Q 2009

ORLANDO, FL /PRNewswire/ -- Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from the Florida Association of Realtors (FAR).

A total of 43,125 existing homes sold statewide in 2Q 2009; during the same period the year before, a total of 35,008 existing homes sold.

It marks the fourth consecutive quarter that Florida has seen higher existing year-to-year home sales, according to FAR.

Sales of existing condominiums statewide in the second quarter rose 29 percent compared to the same time the previous year.

This marks the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.Statewide sales activity in 2Q 2009 also increased over 1Q 2009's sales figure in both the existing home and existing condo markets, FAR records show.

For 2Q 2009, statewide sales of existing homes rose 37.2 percent over the 1Q 2009 figure; existing condo sales statewide in 2Q 2009 increased 45.3 percent over the 1Q 2009 level.

"In spite of the challenges with the economy, most people - 83 percent - still believe that buying a home is a good financial decision, according to a recent survey from the National Association of Realtors (NAR)," says 2009 FAR President Cynthia Shelton, (top right photo) CCIM, CRE, a broker and director of investment sales with Colliers Arnold in Orlando.

(CCIM stands for Certified Commercial Investment Member and CRE is the Counselor of Real Estate designation). "Many homebuyers are realizing that this is the time to buy - with a good selection of housing inventory, affordable pricing and low mortgage rates.

For a complete copy of FAR's release, please contact:

Marla Martin, Communications Manager, +1-407-438-1400, ext.2326, or

Jeff Zipper, Vice President of Communications, +1-407-438-1400, ext.2314

Web Site: http://www.media.floridarealtors.org/

CB Richard Ellis Realty Trust buys Class A Orlando Office Building

PRINCETON, N.J. – Aug. 13, 2009 – CB Richard Ellis Realty Trust has purchased a 124,500 sf state-of-the-art Class A office building in Orlando that is fully leased to Kaplan, Inc.’s higher education division on a long-term lease.

The CBRE Realty Trust team worked with Jeffrey Torto and the acquisitions team from CBRE Investors to acquire this property.

The office building is strategically located at 12650 Ingenuity Drive (top right photo) in the prestigious master-planned Central Florida Business Park, a cooperative between the University of Central Florida and Orange County, Fla., to promote research and development activity.

The CFRP is occupied by a variety of corporate tenants in high-tech information, intelligence and defense-related industries and is considered one of the top 10 science parks in the United States. The park is in close proximity to Orlando’s CBD and the international airport, with easy access to State Roads 408 and 417, Highway 50 and the Florida Turnpike.

The building, which was completed in 1999, includes a two-story, 25-foot high glass atrium with a spiraling, open staircase.

The building has a high technology infrastructure, including a self-contained data center room with a redundant, uninterruptible power supply and special features to protect the room in the event of roof leakage or severe weather.

It also includes an on-site cafeteria, integrated work furniture, and a market-high 7/1,000 sf parking ratio.

Kaplan, a premier provider of educational services for individuals, schools, and businesses worldwide, is using the facility as a customer support center for its higher education division.

“This state-of-the-art building expands our portfolio of high-quality properties with strong tenancies in the Orlando area,” said Phil Kianka, Executive Vice President and Chief Operating Officer for CB Richard Ellis Realty Trust.

Contact: Pam Barnett, 213.683.4368, pbarnett@cbreinvestors.com