SAN FRANCISCO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Daniel Cressman (middle right photo), executive vice president, represented Macys.com in a lease expansion of two additional floors for an aggregate 100,000 square feet of office space at the historic Monadnock building (top left photo), located at 685 Market St.
A subsidiary of Macy’s Inc., the online department store leased an additional 37,737 square feet of office space at the 10-story tower in downtown San Francisco.
According to Macy’s Inc., the combined online sales volume of Macys.com and Bloomingdales.com was up approximately 29.3 percent year-over-year as of September 2010.
“The continued increase in sales volume led the company to need additional space at the Macys.com headquarters,” said Cressman, who had previously represented Macys.com in its expansion to more than 60,000 square feet of space at 685 Market St., in 2008.
Scott Harper of Colliers International represented the property’s owner, Prudential Real Estate, in the expansion.
Contact: Julia McCartney, Phone: 714.975.2230
John F. Mix Joins Grubb & Ellis as Senior Vice President, Financial Services Asset Management
In his new role, Mix will be responsible for the marketing and account management of the company’s Financial Services Asset Management group, which offers strategic counsel and a full range of services to financial institutions and special servicers looking to create value through their real estate-owned portfolios.
“John brings a wealth of long-term financial relationships and is very well recognized throughout the San Francisco Bay Area. We couldn’t be more pleased to have him join us,” said Mark Geisreiter (bottom right photo), executive vice president, and regional managing director of Grubb & Ellis’ Bay Area Real Estate Services operations.
“His addition is consistent with our strategy to substantially increase the services we provide our Bay Area clients.”
Mix is one of 34 real estate services professionals to join Grubb & Ellis in the Bay Area since January 2010.
Contact: Julia McCartney, Phone: 714.975.2230
No comments:
Post a Comment