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cbre's gregory barkan closes more than 230000 sf of office leasing ...

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PRESS RELEASE<br />

FOR IMMEDIATE RELEASE<br />

Contact:<br />

Paul Orefice<br />

(201) 610-1008 ext. 16<br />

porefice@beckermanpr.com<br />

CB RICHARD ELLIS’ GREGORY BARKAN CLOSES MORE THAN 230,000 SF OF<br />

OFFICE LEASING TRANSACTIONS IN NEW JERSEY THROUGH<br />

THIRD QUARTER OF 2008<br />

SADDLE BROOK, N.J., OCTOBER 27, 2008 – CB Richard Ellis, New Jersey’s largest<br />

commercial real estate brokerage firm, announced that Gregory Barkan, first vice president, has<br />

closed <strong>more</strong> <strong>than</strong> 230,000 square feet <strong>of</strong> <strong>of</strong>fice <strong>leasing</strong> deals in New Jersey through the third<br />

quarter <strong>of</strong> 2008.<br />

Mr. Barkan said “The current <strong>leasing</strong> and capital markets have made closing deals quite<br />

challenging. However the transactions that I’ve been involved with continue to demonstrate the<br />

trend <strong>of</strong> ‘flight to quality’ by today’s sophisticated corporate tenants.”<br />

Mr. Barkan’s most notable transactions in 2008 include:<br />

• More <strong>than</strong> 60,000-square-feet <strong>of</strong> leases on behalf <strong>of</strong> the State Teachers Retirement System<br />

<strong>of</strong> Ohio at the Morris Corporate Center 1 & 2 in Parsippany<br />

• 32,000-square-foot long-term expansion and extension <strong>of</strong> Montblanc’s United States<br />

headquarters in Murray Hill<br />

• 29,000-square-foot long-term lease on behalf <strong>of</strong> SL Green to Barnes & Noble in Lyndhurst<br />

• 24,000-square-foot lease on behalf <strong>of</strong> Seiko Optical Products in Mahwah<br />

Mr. Barkan has been with CB RE since 1996 and has closed <strong>more</strong> <strong>than</strong> $800 million in lease and<br />

sale transactions. His extensive experience includes representing institutional owners, regional<br />

developers and Fortune 500 companies in the <strong>leasing</strong>, acquisition and disposition <strong>of</strong> their<br />

properties. Prior to joining CBRE, Mr. Barkan worked at his family-owned MAI appraisal firm<br />

and completed his MS in Finance at NYU's Real Estate Institute.<br />

About CB Richard Ellis<br />

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world’s<br />

largest commercial real estate services firm (in terms <strong>of</strong> 2007 revenue). With over 29,000 employees, the Company<br />

serves real estate owners, investors and occupiers through <strong>more</strong> <strong>than</strong> 300 <strong>of</strong>fices worldwide (excluding affiliate<br />

<strong>of</strong>fices). CB Richard Ellis <strong>of</strong>fers strategic advice and execution for property sales and <strong>leasing</strong>; corporate services;<br />

property, facilities and project management; mortgage banking; appraisal and valuation; development services;<br />

investment management; and research and consulting. In 2007, CB Richard Ellis was named one <strong>of</strong> the 50 “best in


CB Richard Ellis Press Release<br />

class” companies by BusinessWeek, and one <strong>of</strong> the 100 fastest growing companies by Fortune. Please visit our Web<br />

site at www.cbre.com.<br />

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