Friday, August 14, 2009

Grubb & Ellis|Commercial Florida negotiates new long-term lease agreement for 24,300 square feet of industrial space

Grubb & EllisCommercial Florida negotiates new long-term lease agreement for 24,300 square feet of industrial space

TAMPA, Fla. - Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently negotiated a long-term lease of 24,300 square feet at the industrial facility located at the intersection of Commerce Blvd. and Vollmer Ave. in Oldsmar.

Michael Scott and Jan Boltres CCIM, principals and senior vice presidents at Grubb & EllisCommercial Florida, negotiated the transaction representing the tenant, Sunbelt Rentals, a firm providing equipment rental services to the construction, industrial and municipal markets throughout the U.S. and headquartered in Fort Mill, S.C.

Clearwater-based Vollmer Corporation is the landlord.

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 its investment subsidiaries, 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, mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.

Contact:
Grubb & EllisCommercial Florida, 3030 N. Rocky Point Drive W., Tampa, FL 33609, www.commercialfl.com
Michael Scott 813-830-7888
Jan Boltres CCIM 813-830-7889
Jeffrey Sweeney 407-481-5387
Larry Vershel Communications 407-644-4142

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