NEW YORK, NY – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that
Richard L. Jarocki Jr., CMB (top right photo), has joined the company as managing director, Debt & Equity Finance.
“Rich has deep experience establishing and leading strong commercial lending programs, making him a tremendous asset to our team as we build our platform,” said Jeff Majewski (middle left photo), executive managing director, Debt & Equity Finance.
“His extensive network of relationships and excellent reputation in the industry gives us an advantage both in New York and nationally.”
Over the past 18 months, Grubb & Ellis has dramatically strengthened its debt and equity finance capabilities, adding senior-level commercial mortgage brokerage professionals in major markets across the country.
Majewski, former chief operating officer of CB Richard Ellis’ Debt & Equity Finance group and senior managing director of CBRE Capital Markets, joined the company in April to lead the growth of the platform.
Jarocki’s addition follows the hire of Steven Roberts, the former head of CitiGroup’s CMBS lending program and co-leader of the financial institution’s conduit business, in July. Both long-term industry veterans, Jarocki and Roberts will co-manage Grubb & Ellis’ Debt & Equity Finance group’s efforts in the Northeast.
Contacts:
Grubb & Ellis Inks Three Leases at Bay West in Tampa
TAMPA, FL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today it has recently closed three office transactions totaling more than 14,000 square feet located at Bay West, an eight-building office complex totaling nearly 195,000 square feet of space in the Westshore Business District.
James Moler (middle right photo), CCIM, senior vice president, and Paula Buffa (middle left photo), CCIM, senior vice president, both with Grubb & Ellis’ Tampa office completed the following transactions at the building on behalf of Bay West Tampa Investors, LLC, an affiliate of BPG Properties, Ltd.
In the largest of the transactions, Meritus, signed a 9,917-square-foot office lease at 5680 W. Cypress St. for a five-year term to serve as their headquarters location. Bruce Heisler of The Duncan Companies, Inc. represented the lessee in the transaction.
GEICO signed a new lease for 2,890 square feet at 5810 W. Cypress St. and will occupy the building as its regional office in the first quarter of 2011.
ReSource recently signed a new lease for 1,364 square feet at 5840 W. Cypress St. Headquartered in Chicago, the hardware and software solutions company will occupy this space as their Tampa sales and service office.
Thomas Bible of VIP Executive Realty represented the lessee.
“We are very pleased with the amount of activity we’ve had at Bay West since being named leasing agents nearly six months ago. With no seasonal let down in sight, we expect the strong interest to continue into 2011,” said Moler.
Offering move-in ready suites ranging from 1,015 square feet to 24,242 square feet, Bay West provides on-site property management and maintenance as well as covered parking.
The property offers lush landscaping, fountains and is adjacent to Cypress Point Park, offering bay views, waterfront trails and picnic tables. The property is minutes to Tampa International Airport, I-275, Veteran’s Expressway, SR 60 and Pinellas County.
Grubb & Ellis Negotiates 10-Year Renewal Agreement for 34,306 SF at Meridian Concourse Center in Clearwater, FL
TAMPA, FL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has recently completed a 10-year lease renewal agreement for 34,306 square feet of Class A flex/warehouse space at 4825 140th Ave. North in Clearwater’s Meridian Concourse Center (middle left photo).
James Moler, CCIM, senior vice president, and Paula Buffa, CCIM, senior vice president, both with Grubb & Ellis’ Tampa office negotiated the agreement on behalf of the landlord, Meridian Development Group.
The tenant, APG Electric, Inc., a full-service electrical contractor serving central and west Florida, decided to make the long-term renewal commitment after exploring all options available in the market, Moler said.
“We seriously considered purchasing our own building, but after comparing that option with the benefits of this property, its excellent management and other strategic factors, we determined it was better for our business to renew,” said John R. Kavula, chairman and chief executive officer of APG Electric.
Contact: Rachel Andreozzi, Phone: 561.893.6296
Arlene Sommer, Mark Robinson and Evan Kantor Join Grubb & Ellis
LOS ANGELES, CA Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced Arlene Sommer (middle left photo) and Mark Robinson (middle right photo) have joined the company’s Office Group as executive vice presidents, along with Evan Kantor (lower left photo) who joins as a senior associate.
Specializing in office tenant representation, primarily in the media, entertainment, legal and financial industries, the team joins from Studley Inc., where they served as executive managing director, senior managing director and assistant director, respectively.
Robinson and Sommer represent the National Academy of Recording Arts and Sciences Inc., known for the Grammy Awards, Screen Actors Guild, Revolution Studios, Dick Clark Productions Inc., Actors’ Equity Association, Wilshire Associates, Bryan Cave LLP and Perkins Coie LLP.
“Arlene and Mark have an immense knowledge base about the entertainment and media industries, as well as the legal and financial business.
" They bring a number of long-term client relationships throughout Southern California,” said Chuck Hunt (bottom right photo), executive managing director, Southern California. “I couldn’t be more pleased to welcome them to Grubb & Ellis.”
Primarily focusing on real estate in Santa Monica, Sommer has negotiated transactions totaling more than 6.5 million square feet of space on behalf of clients during her 25-year career.
More than half of her career was spent at Studley, she was consistently ranked as one of the company’s top performing professionals in the Western Region. In 2000, she ranked as the company’s top producer in Southern California.
A 25-year industry veteran, Robinson spent 14 years with Studley, where he was involved in the closing of more than 3.2 million square feet of space and the formation of the Media Services Group, where he served as a senior strategist and lead negotiator.
The group consists of brokerage, architectural, financial and project management professionals and was designed to ensure integrated service delivery throughout an entire project.
Robinson began his career in 1985 with Leonard Nadler Associates Inc., a boutique commercial real estate firm specializing in corporate and tenant representation, where he spent 11 years and ultimately rose to the position of vice president.
“We were attracted to Grubb & Ellis’ integrated national platform. We believe the company’s broad service offerings and footprint will allow our team to better serve our clients who have wide-ranging real estate needs.
“We are truly looking forward to collaborating with our new colleagues throughout the country to ensure our clients have the best real estate insight possible,” said Robinson.
Kantor began his career in commercial real estate in 2004 with DAUM Commercial Real Estate Services, and joined Sommer and Robinson in their tenant representation practice at Studley in 2008. He holds a bachelor’s degree from the University of Arizona and serves on the Young Professionals Board of the Upward Bound House.
Contact: Julia McCartney, Phone: 714.975.2230,
GREENSBORO, N.C – Marcus & Millichap Capital Corporation (MMCC) has arranged a $3,304,000 loan for the acquisition of a 159-unit garden-style multifamily asset in Greensboro.
