Tuesday, April 20, 2010

Grubb & Ellis|Commercial Florida Negotiates Long-Term Lease Agreement for 3,000 Square Feet of Office Space at Wachovia Tower in Downtown Orlando

ORLANDO – Grubb & EllisCommercial Florida, associated with 200 Grubb & Ellis offices worldwide, recently negotiated a long-term expansion lease for 3,000 square feet of Class A office space in the Wachovia Tower at 20 N. Orange Ave. in downtown Orlando.

Jeff Sweeney, SIOR, president of Grubb & Ellis/Commercial Florida, negotiated the nine year lease representing the tenant Orlando-based Morgan & Morgan law firm who now occupies 55,000 square feet in the building with the additional leased space.

Cabot North Orange Leasco LLC of New York is the landlord and was represented by John Gilbert of CB Richard Ellis Inc.

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 45 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.

About Grubb & Ellis Company:
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 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), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.

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