Thursday, November 12, 2009

Grubb & Ellis|Commercial Florida negotiates $1.3 Million Sale Price for 12,014 square foot Office Building near Downtown Orlando

ORLANDO, Fla. -- Grubb & EllisCommercial Florida, associated with 130 offices worldwide, recently negotiated a $1.3 million sale price for the 12,014 square foot of office building located at 1230 E. Hillcrest St. in Orlando.

Jay Dixon and Robert Kellogg, vice presidents in the Office Group at Grubb & EllisCommercial Florida, negotiated the sale representing the seller, RBO Associates, Inc. of Orlando.

The buyer, Orlando-based environmental engineering consulting firm Barnes, Ferland and Associates Inc., was represented by Rick Solik of Cushman & Wakefield.

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 Orlando, Melbourne and Tampa 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.

Jay Dixon, 407-481-5832, jdixon@commercialfl.com
Robert Kellogg 407-481-5408, rkellogg@commercialfl.com
Jeff Sweeney, 407-481-5387Larry Vershel 407-644-4142

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