Tuesday, May 5, 2009

Grubb & Ellis|Commercial Florida negotiates sublease renewal agreement for 12,000 square feet of industrial space in Tampa

Grubb & EllisCommercial Florida negotiates sublease renewal agreement for 12,000 square feet of industrial space in Tampa


TAMPA, Fla. - Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently negotiated a long-term sublease renewal of 12,000 square feet in the industrial center located at 9302 Florida Palm Drive in Tampa.


Jan Boltres, CCIM and Michael Scott, principals and senior vice presidents at Grubb & EllisCommercial Florida, represented the sublessor, Qwest Communications Company of Denver, in the negotiations with the tenant, Tampa-based Office Pavillion of South Florida.


About Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 30 brokers divided among its Tampa, Orlando and Melbourne offices which serve the entire mid-Florida marketplace.


About Grubb & Ellis:
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.


Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of March 31, 2008, more than $3.4 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 218 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/.


For Information Please Contact
Grubb & EllisCommercial Florida, 3030 N. Rocky Point Drive W., Tampa, FL 33609, http://www.commercialfl.com/

Jan Boltres CCIM 813-639-1111 ex270
Michael Scott 813-639-1111 ex275
Jeffrey Sweeney 407-481-5387
Larry Vershel Communications 407-644-4142

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