Richmond, VA – CBRE|Richmond is pleased to announce the sale of 5700 Audubon Drive, a 317,400 SF warehouse, in Sandston, Va. for $9 million. The building was previously occupied by Mazda before being purchased by local manufacturing group.

Built in the 1989, the one story tilt-up concrete warehouse/distribution center is located on 16 acres near Richmond International Airport.

CBRE|Richmond’s John Carpin and Matt Anderson handled the transaction on behalf of the seller.

About CBRE – Richmond

CBRE|Richmond is a CBRE, Inc. affiliate office serving the Central Virginia region. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. In 2012, the Richmond office completed 425 lease transactions encompassing 3.7 million square feet totaling $229 million, and 72 sales transactions valuing $107 million.  For more information about the Richmond office, visit our website, www.cbre.com/richmond.

About CBRE – Mid-South Region

CBRE is the only global real estate services firm with offices in Norfolk, Newport News, Richmond, Charlottesville, and Fredericksburg, VA, and Raleigh and Greensboro, NC. These offices are collectively referred to as the Mid-South region. The CBRE Mid-South offices (excluding Northern Virginia and Charlotte, NC offices) completed $2.4 billion of sales and leasing transactions in 2012.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue).  The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. Please visit our website at www.cbre.com.

For further information:

Joseph P. Marchetti, Jr.                 

Managing Director                    

CBRE|Richmond                      

804.320.5500                         

joe.marchetti@cbre.com