Thursday, February 4, 2010

Grubb & Ellis|Commercial Florida Negotiates Renewal Lease for 6,000 Square Feet of Flex Space at Northstar Industrial Park in Sanford

ORLANDO - Grubb & EllisCommercial Florida recently negotiated a renewal lease agreement for 6,000 square feet of flex space at the Northstar Industrial Park in Sanford.

Anne Deason vice president of Office Services at Grubb & EllisCommercial Florida, negotiated the agreement representing the tenant, Central Florida Store Services, Inc., The Sanford based general contractor renewed its lease at 417 Central Park Drive for three years.

Winter Park-based Central Canal Co., LLC is the landlord and was represented by John Kruse in the transaction.

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, Tampa 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 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.

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