Tuesday, May 24, 2011

Grubb & Ellis Facilitates 60,000-SF Office Lease Renewal in Clearwater, FL

 TAMPA, FL– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that it represented Meridian Development Group in CCS Medical Inc.’s 60,000-square-foot office lease renewal at Meridian Concourse Center (top left photo), located at 4800 140th Ave. N in Clearwater.

 James Moler (middle right photo), CCIM, and Paula Buffa (lower left photo), RPA, CCIM, both senior vice presidents with Grubb & Ellis’ Office Group, exclusively represented the landlord in the transaction.  Brent Miller with Jones Lang LaSalle represented the tenant.

 “CCS Medical evaluated numerous options in the market for the consolidation of their operations,” said Moler.  “Our building was looked at very favorably due to the overall quality of the asset, the responsiveness of property management and the long-standing relationship between the owner and the tenant.”

 “We put a lot of resources into the development and management of our properties,” said Steven Kossoff, managing director, Meridian Development Group, “but our tenant relationships are just as important.  Flexibility and attention have been cornerstones for us since we began and have helped us make it through this tough market.”

 Meridian Development Group owns and manages 1.5 million square feet of Class A and B office, flex and industrial assets located across west-central Florida. 

Meridian Concourse Center is comprised of four buildings totaling 214,000 square feet.  4800 140th Avenue totals 60,000 square feet; all of which CCS Medical currently occupies.  The property’s central Tampa Bay location provides convenient access to both Pinellas and Hillsborough Counties and is adjacent to the St. Petersburg/Clearwater Airport.


For more information, contact

 Moler at 813.830.7963 or james.moler@grubb-ellis.com
 or Buffa at 813.830.7887 or
Rachel Andreozzi, Phone: 561.893.6296, rachel.andreozzi@grubb-ellis.com

No comments: