Monday, September 20, 2010

Brandywine Realty Trust Selects Grubb & Ellis to Lease Lake Merritt Tower in Oakland, CA

         WALNUT CREEK, Calif. (Sept. 20, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Brandywine Realty Trust has appointed John Dolby (bottom  right photo), senior vice president, Office Group, and Cale Miller, senior associate, Office Group, as the leasing agents of Lake Merritt Tower, (top left photo) a 201,000-square-foot office building in Oakland. 

“We are thrilled to have the opportunity to lease Lake Merritt Tower, which offers tenants the construction advantages of a well-designed, high-quality office building, with the additional benefit of a beautiful surrounding landscape,” said Dolby, who joined Grubb & Ellis in August.  

Built in 1990 near the shore of Lake Merritt, the 10-story Class A office tower offers views of the lake, as well as Oakland Hills and the San Francisco Bay.  The property is located at
155 Grand Ave.
, and is currently 67 percent leased to multiple tenants, including CH2MHill and KEMA Inc.  

Space availability at Lake Merritt Tower ranges in size from 1,500 square feet to 40,000 square feet.  The property also includes 4,000 square feet of retail space, currently leased to Bank of Alameda, Bay Commercial Bank and Specialty’s Café & Bakery. 

The office tower is located within close proximity to Interstates 980 and 580, State Route 24 and a Bay Area Rapid Transit station.  Lake Merritt Tower is equipped with two levels of underground parking and 24-hour security. 

For more information, call 925.939.3500 or contact Dolby at john.dolby@grubb-ellis.com, or Miller at cale.miller@grubb-ellis.com.

Contact:          Julia McCartney                                  
Phone:             714.975.2230                                     
Email:              julia.mccartney@grubb-ellis.com  


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