Thursday, October 1, 2009

Grubb & Ellis|Commercial Florida Blends National, International Effort to Market Dunedin Gateway in Pinellas County

DUNEDIN, Fla. - When Pizzuti Solutions starts construction of the $30 million Dunedin Gateway project, which is planned to include striking upscale medical, office and retail facilities on Main Street at the southern gateway to this walkable Pinellas County city, Grubb & EllisCommercial Florida will already have completed the lion’s share of its work marketing the project.

Jeff Sweeney, SIOR, president and managing partner of Grubb & EllisCommercial Florida, said Dunedin Gateway represents a major national and international effort to interest businesses and retailers in leasing or owning facilities in the project which leverages the business advantages of an upscale quality of life location.

“We expect much of the office space will be leased by local tenants or doctors who are already serving the area,” Sweeney said. “For retailers, Dunedin Gateway represents an exciting new opportunity that will interest a broader spectrum in addition to local enterprises,” he said.
Altogether, Dunedin Gateway will include 90,000 square feet of medical, office and retail facilities, Sweeney said. The first phase will include 20,000 square feet of medical office space and 25,000 square feet of retail space, Sweeney added.

Michelle Seifert, vice president of Grubb & EllisCommercial Florida’s Retail Group is principal contact for retail space at the Dunedin Gateway project. Tom Kennedy, vice president and Sean Kennedy, associate in the firm’s Office Group are principal contacts for office and medical office space.

Contacts:
Michelle Seifert, 813-830-7285
Tom Kennedy, 813-830-7892Jeffrey Sweeney, 407-481-5387
Larry Vershel, 407-644-4142

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.

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