Friday, September 18, 2009

Grubb & Ellis|Commercial Florida negotiates new long-term office lease agreement in Altamonte Springs

ORLANDO, Fla. – Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently completed a new long term office lease agreement for 9,292 square feet at 240 E. Central Parkway at the CenterPointe One Office Park in Altamonte Springs.

Andrew E. McCaw, FMA, senior vice president and Anne Deason, associate vice president, in the Office Services Group at Grubb & EllisCommercial Florida, negotiated the agreement representing the tenant Embry-Riddle Aeronautical University Worldwide, headquartered in Daytona Beach.

The Orlando campus will move its entire classrooms and offices into the space after the first of the year at the end of the current class session.

Kenneth Koch represented the landlord, Emerson International, Inc. of Altamonte Springs.

Contacts:
Anne Deason, 407-481-5411, adeason@commercialfl.com
Andy McCaw, 407-481-5301, amccaw@commercialfl.com
Larry Vershel 407-644-4142

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 40 brokers divided among its Orlando, Tampa and Melbourne offices to 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.

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