Wednesday, November 25, 2009

Grubb & Ellis|Commercial Florida Negotiates Sublease for 16,160 Square Feet of Warehouse Space for a Family Fun Center in Tampa

TAMPA, Fla. – Grubb & EllisCommercial Florida which is associated with 130 Grubb & Ellis offices worldwide, recently negotiated a sublease agreement for 16,160 square feet of surplus warehouse space located at 622-624 Ware Blvd. in Tampa.

Chuck Bohac, vice president with the Industrial & Land Services Group at Grubb & EllisCommercial Florida, negotiated the transaction representing the sublessee, Xtreme World Fun Center, LLC based in Orlando. The family entertainment center will be equipped to accommodate birthday parties and other groups with full indoor trampolines when it opens in the first quarter of 2010.

The sublandlord is Third Dunkin’ Donuts Realty, LLC based in Canton, Mass.

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:
Chuck Bohac 813-639-1111
Jeff Sweeney, President 407-481-5387
Larry Vershel 407-644-4142

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