Grubb and Ellis Commercial Florida negotiates new long term lease of 50,000 square foot industrial facility in Lakeland

Grubb & Ellis Commercial Florida negotiates new long term lease of 50,000 square foot industrial facility in Lakeland

TAMPA, Fla. - Grubb & Ellis Commercial Florida, associated with 200 Grubb & Ellis offices worldwide, recently negotiated a long-term lease of a 50,000 square foot industrial facility at 4920 S. Frontage Rd. in Lakeland.

Jan Boltres, CCIM and Mike Scott, principals and senior vice presidents at Grubb & Ellis Commercial Florida, negotiated the lease agreement representing the landlord, RS Land Development, Inc., based in Rancho Santa Fe, Calif.

The new tenant is Lakeland-based RINCAT, LLC.

About Grubb & Ellis Commercial Florida

Grubb & Ellis Commercial 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 & Ellis Commercial Florida has 30 brokers divided among its Tampa, Orlando and Melbourne offices which serve the entire mid-Florida marketplace.

About Grubb & Ellis

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.

Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of March 31, 2008, more than $3.4 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 218 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft

Contacts:

Jan Boltres, CCIM,Grubb & Ellis Commercial Florida - 813-639-1111 ext 270

Michael Scott, Grubb & Ellis Commercial Florida - 813-639-1111 ext 275

Larry Vershel Communications, 407-644-4142

Lennar Forms Nine-County Central Florida Division with Offices in Tampa, Clermont

Lennar Forms Nine-County Central Florida Division with Offices in Tampa, Clermont

TAMPA, Fla. - Lennar, which ranks as one of Florida’s most active home builders, has merged its Tampa Bay and Orlando divisions to form a single nine-county Central Florida Division.

Mark Metheny, who has served as president of Lennar’s Tampa Bay division since 2006, has been appointed president of Lennar’s Central Florida Division.

Metheny, who joined Lennar in 2001, will oversee community development, new home design and construction and new home sales in 32 Lennar communities in Hillsborough, Pasco, Hernando, Polk, Osceola, Orange, Lake, Seminole and Brevard counties.

In Tampa, Metheny oversaw one of Lennar’s most productive divisions nationwide.

“Lennar is meeting the challenge of today’s home building market and we will continue to press forward with a strategy that includes and intense focus on reducing costs and delivering the best valued homes in the market,” Metheny said.

The Central Florida Division will be headquartered at Lennar’s corporate offices on Westshore Blvd. in Tampa, with an Orlando-area office at 2955 Heritage Hills Blvd. in the Heritage Hills community off U.S. Highway 27 in Clermont.

Metheny has named several top Lennar executives to new positions with division and area-wide responsibilities.

Mike Southward, was named director of purchasing and Judd Tyler, was named controller for the Central Florida Division.

Robert Jesski, was named director of sales in Tampa and Paul Brooks, director of sales in the Orlando territory.

David Parker, Fiona DiDomenico and Karen Morgan were named vice presidents of sales.

Steve Smith and Wayne Broedel were named directors of construction.

Ben Gainer, Anthony DeSimone, Kevin Stream and Wes Stapp were named senior area construction managers in Tampa.

Joe Fulghum, director of customer relations and Jennifer Siemering, director of closings.

For information about this press release, please contact:

Mark Metheny, Division President Lennar Central Florida 888-317-7489 mark.metheny@lennar.com

Paul Brooks , Director of Sales & Marketing, Lennar Central Florida Division; 407-654-2735 paul.brooks@lennar.com;

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142