Monday, November 9, 2009

Grubb & Ellis|Commercial Florida Negotiates New Lease at St. Petersburg’s City Center

TAMPA, Fla. -- Grubb & EllisCommercial Florida, which is associated with 130 Grubb & Ellis offices worldwide, recently negotiated a new lease for 2,022 square feet at 100 2nd Ave. South at the City Center in St. Petersburg.

Sean Kennedy, associate in the firm’s Office Services Group and Tom Kennedy vice president negotiated the transaction representing the landlord, Atlanta-based Behringer Harvard Real Estate Investments and the tenant, CafĂ© 100, a local fresh fast gourmet food restaurateur and caterer.

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 40 brokers divided among its Tampa, Orlando 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 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.

Tom Kennedy, 813-830-7892-
Jeffrey Sweeney 407-481-5387
Larry Vershel 407-644-4142

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