PRINCETON, NJ-Chambers Street Properties, thenewly independent REIT that was formerly CB Richard Ellis RealtyTrust, has secured a revolving credit facility up to $700 millionthrough a group of lenders led by Wells FargoSecurities and RBC Capital Markets, itsexecutives announced.

Chambers Street Properties is making the transition toself-management, and changed its name in July.CBRE Advisors continues to provide consultingthrough next April. Jack Cuneo, who headed the$2.4 billion REIT, is now president and CEO of Chambers StreetProperties, and other top executives also retained their titles inthe switch.

"This new line of credit reinforces the strength of ourinvestment strategy and provides us with an expanded capitalplatform to build upon our existing portfolio and support the nextphase of the company’s growth as an investor in high-quality, netleased commercial real estate,” says Cuneo.