Monday, November 9, 2009

Grubb & Ellis|Commercial Florida negotiates $1.213 Million Purchase of Tampa Industrial Facility

TAMPA, Fla. -- Grubb & EllisCommercial Florida, associated with 130 offices worldwide, recently negotiated the purchase of three industrial buildings totaling 12,731 square feet on a 6.3 acre site in Tampa for $1,213,000.00.

Josh Tarkow, associate in the Industrial and Flex Services Group at Grubb & EllisCommercial Florida, negotiated the transaction on behalf of the buyer, Nashville-based Hayes Pipe Supply who purchased the property at 9416 E. Martin Luther King Jr. Blvd. for its new Tampa Bay area branch facility. Hayes has eight locations throughout the southeastern U.S.

Rockdale Pipeline of Conyers, Ga. is the seller.

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 or tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit www.grubb-ellis.com.

Josh Tarkow, Associate 813-639-1111
Jeffrey Sweeney, President 407-481-5387
Larry Vershel Communications

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