ORLANDO - Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently negotiated two long-term office leases for a total of 21,493 square feet in Orlando. Anne Deason Spencer vice president of the Office Services Group at Grubb & EllisCommercial Florida, negotiated both transactions representing the local tenants.
The Devereaux Foundation, who provides services to children with health or developmental disabilites, has renewed its lease of 17,549 square feet at Citadel I, 5850 TG Lee Blvd. in southeast Orlando. Penn-Florida Realty Corp. is the Orlando-based landlord for the 26-year old, 150,000 square foot building, which is currently 86 percent leased.
Spencer also represented Currency Exchange International, in a new lease agreement for 3,944 square feet at Millenia Park One, 4901 Vineland Rd. in southwest Orlando. The tenant provides its services to retail or hospitality related companies who have international trade or clientele. The landlord for the 10-year-old, 157,000 square foot building is MIL Owner, LLC and was represented in the transaction by Emily Zinaich of Morrison Commercial Real Estate.
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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, Tampa and Melbourne 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.
CONTACTS: Anne Spencer, 407-481-5411, aspencer@commercialfl.com; Jeff Sweeney, 407-481-5387, jsweeney@commercialfl.com; Larry Vershel 407-644-4142
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