Tuesday, April 20, 2010

Grubb & Ellis|Commercial Florida Negotiates Renewal Lease with Spartan Securities Group at St. Petersburg’s City Center

TAMPA - Grubb & EllisCommercial Florida, which is associated with 130 Grubb & Ellis offices worldwide, recently negotiated renewal lease for 2,970 square feet at 100 2nd Ave. South at the City Center in St. Petersburg.

Sean Kennedy, associate and Tom Kennedy vice president in the firm’s Office Services Group negotiated the transaction representing the landlord, Atlanta-based Behringer Harvard Real Estate and the tenant, Spartan Securities Group a local investment banking firm who renewed its lease of suite N300 in the 238,000 square foot building.
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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 45 brokers divided among its Tampa, Orlando and Melbourne offices to serve the entire mid-Florida marketplace. Visit www.commercialfl.com.

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.

Contacts: Sean Kennedy, 813-639-1111; Jeffrey Sweeney 407-481-5387; Larry Vershel 407-644-4142

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