Monday, November 23, 2009

Grubb & Ellis|Commercial Florida negotiates long-term lease agreement for 37,175 square feet at Tampa multi-tenant facility

TAMPA, Fla. – Grubb & EllisCommercial Florida’s, associated with 130 offices worldwide, recently negotiated a long-term lease agreement for 37,175 square feet of office/warehouse flex space at 8800 Adamo Drive just east of downtown Tampa.

Mia Jarrell, vice president of the Office Group at Grubb & EllisCommercial Florida, negotiated the transaction representing the new tenant, Non Stop Digital Services South, LLC. Non Stop Digital specializes in sales, service and custom manufacture of broadband products for the industrial and retail industries, and is headquartered in Tempe, Ariz.

The landlord at the 379,834 square foot multi-tenant facility is Exeter Property Group, based in Plymouth Meeting, Penn.

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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. Visit www.commercialfl.com.

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.

Contacts:
Mia Jarrell 813-639-1111
Jeffrey Sweeney 407-481-5387
Larry Vershel 407-644-4142

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