Tuesday, August 25, 2009

Grubb & Ellis|Commercial Florida Signs First New Tenant at John’s Pass Village & Boardwalk in Madeira Beach

Grubb & EllisCommercial Florida Signs First New Tenant at John’s Pass Village & Boardwalk in Madeira Beach

TAMPA, Fla. -- Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently signed the first new tenant in the recently completed retail buildings at John’s Pass Village and Boardwalk at Hubbard’s Marina in Madeira Beach.

Michelle Seifert, vice president of Retail Services at Grubb & EllisCommercial Florida and exclusive broker at John’s Pass, negotiated the transaction representing the landlord, Hubbard Properties, LLC and the tenant, Tarpon Springs-based Vegetable Ivory – a specialty retailer of unique custom jewelry made from the palm tree nut – who leased 857 square feet.

“This is the first new tenant signed among many retailers we are working with who will be joining the exciting and historic tourist destination. The interest in John’s Pass has been extraordinary and we are pleasantly surprised with the amount of activity we have received,” Seifert said.

John’s Pass Village and Boardwalk at Hubbard’s Marina is anchored by Bubba Gump Shrimp Company, offers a wide range of activities and events and hosts more than two million visitors annually.

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:
Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through Grubb & Ellis Realty Investors, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit www.grubb-ellis.com.

Contacts:
Michelle Seifert 813-830-7285
Jeffrey Sweeney 407-481-5387
Larry Vershel 407-644-4142

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