PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Chris Sproles Jessica Wilhoite 407.839.3109 407.839.3158 email@example.com firstname.lastname@example.org WALGREENS RELOCATING TO SOUTH PARK CENTER *** Orlando – February 15, 2007 – CB Richard Ellis, Inc., the world's leading commercial real estate services provider, is pleased to announce that Walgreens is relocating certain customer support functions to a new, state-of-the-art facility known as 700 South Park Center. Walgreens recently leased 43,464 square feet, which represents the entire second floor of the property. Chris Sproles of CBRE Orlando and Chris Hook, of CBRE’s Call Center Solutions Group in Phoenix, represented Walgreens in this transaction. The 700 South Park Center building is part of a 176 acre office park located on John Young Parkway near the Beachline. John Guitar of Flagler Development represented the landlord in this transaction. Flagler Development Group (Flagler) owns, develops, leases and holds in joint ventures approximately 8.8 million square feet of Class-A office and industrial space, as well as an additional 1,056,700 square feet under construction. About CB Richard Ellis CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
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