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

Crescent Resources negotiates lease agreement for more than 7,000 square feet of Class A office space in Lake Mary

LAKE MARY, Fla. – Crescent Resources, LLC recently negotiated a long-term lease for 7,171 square feet of Class A office space at 300 Primera Blvd. in the Primera Four building at The Crescent at Primera in Lake Mary.

Ida I. Wozniak, CCIM, vice president of commercial leasing for Crescent Resources LLC in Florida, negotiated the lease agreement with the tenant, Tel Affects, representing the landlord Sun Life Assurance of Canada, based in Wellesley Hills, Mass.

Sarah Castor of CresaPartners participated in the transaction representing the tenant Tel Affects, LLC, of Lake Mary.

For more information, contact

Ida I. Wozniak, CCIM, Vice President of Commercial Leasing / Florida, Crescent Resources LLC; 201 S. Orange Avenue, Orlando, Fla; 407-472-3383; iiwozniak@crescent-resources.com

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

About Crescent Resources LLCCrescent Resources is a joint venture between Duke Energy and Morgan Stanley Real Estate Fund. Crescent’s formation in 1969 to its position today as a real estate force in the Southeast and Southwest remains a dominant development and land management company comprised of dedicated people with uncompromising integrity. More information about Crescent Resources is available on the Internet at http://www.crescent-resources.com/.