Harsch Investment Properties Selects Grubb & Ellis to Lease 351,000 SF of Industrial Space

 SEATTLE, WA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Harsch Investment Properties selected the company’s Industrial Group to lease West Park Corporate Campus in Auburn and Campus Park in Federal Way. 

The two properties total 351,287 square feet of office/warehouse space.

 The leasing team includes Bill Condon (top right photo), executive vice president and managing director, Matt McGregor (middle left photo), senior vice president, Arne Svendsen, senior associate, and Patrick Mullin, associate.

 “This space is ideal for light industrial users that would like to maintain a professional corporate image,” said Condon.  “Tenants also benefit from each property’s central location to the Ports of Seattle and Tacoma, as well as the Seattle-Tacoma International Airport.”

 West Park Corporate Campus (bottom right photo), located at the intersection of West Valley Highway North and 37th Street Northwest in Auburn, consists of 273,286 square feet in four buildings with 30-foot clear height. 

 Constructed in 2000, the property is situated alongside Highway 167 and is near Highway 18 and Interstate 5.  Current tenants include Acondo LLC, Cobra Roofing Services, Hydro USA, PPG Industries and Vestcom Retail Solutions.  Space immediately available for lease ranges in size from 8,279 to 13,506 square feet. 

Campus Park is a three-building, 78,000-square-foot office/industrial complex at the intersection of Ninth Avenue South and 344th Street in Federal Way, in proximity to Highways 99, 161 and 18. There are currently 10 units available ranging in size from 2,015 to 2,853 square feet. 

For more information, call 206.388.3000, or contact Condon at bill.condon@grubb-ellis.com, McGregor at matt.mcgregor@grubb-ellis.com, Svendsen at arne.svendsen@grubb-ellis.com, or Mullin at patrick.mullin@grubb-ellis.com.

Contact: Julia McCartney,  Phone: 714.975.2230                                     

Email:  julia.mccartney@grubb-ellis.com

         

Grubb & Ellis Represents Regents of the University of California in 24,053-SF Lease Renewal for UCLA

         

 LOS ANGELES, CA (April 6, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that members of its Tenant Advisory Group represented the Regents of the University of California in its lease renewal and restructure of a total of 24,053 square feet of office space located at 11075 Santa Monica Blvd. and 1640 S. Sepulveda Blvd.

 Sean O’Leary, senior vice president, Maury Gentile, executive vice president, Heather Goyan, associate, Mark Sokolowski, associate, and Max Schneider, associate, facilitated the transaction.

 Both spaces are used for research by the Integrated Substance Abuse Programs of the University of California, Los Angeles (campus, top left photo).  The 17,665 square feet of space located at 11075 Santa Monica Blvd. will be remodeled and the university will move back into the space in June.

 Gayle Landes of First Property represented the owner of the property, Hines, in the transaction. 

The 6,388 square feet of space located at 1640 S. Sepulveda Blvd. has been rebuilt and the university has taken occupancy.  Matt Ceragioli of NAI Capital represented the owner of the property, Jamison Properties Inc., in the transaction. 

Contact: Julia McCartney, Phone: 714.975.2230                                     

Email:  julia.mccartney@grubb-ellis.com

Gregory Andris Joins Molinaro Koger Miami Team

  

WASHINGTON, D.C., April 8, 2011—Officials at Molinaro Koger (MK), the global hotel-exclusive real estate brokerage, advisory and capital markets firm, today announced that Gregory Andris (top right photo) has joined the company as vice president and will be based in the firm’s office in Miami, Florida.

 The office is focused primarily on serving clients in the southeastern U.S., Caribbean, Mexico, Central and South American markets. 

“Greg will provide the full range of investment, sales and financing expertise from our office in Miami,” said Robert T. Koger (lower left photo), MK president.

 “Latin America, the Caribbean and the southeastern U.S. markets are rebounding strongly from the downturn, and we are building an active pipeline of properties throughout those areas. 

“We expect real estate transactions in those markets to more than double in 2011 and continue to expand for several years after that.  As those economies expand, we also expect to see an increase in major development projects from Brazil to Panama.

“Greg Andris brings more than 20 years of hotel real estate experience, with particular expertise in those markets, where he has completed more than $800 million in transactions.

“His law degree and years as real estate corporate counsel for Marriott Corporation give him an invaluable perspective on hotel real estate that will greatly benefit our clients.” 

 For further information about the company or current hotel property offerings, call 703.760.9600 or visit the company’s website http://www.mkhotels.com/

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Contact:  Jerry Daly, Chris Daly, (703) 435-6293, chris@dalygray.com

Tim Peters Named General Manager of The Nautical Beachfront Resort in Arizona

LAKE HAVASU CITY, AZ, April 8, 2011—The Nautical Beachfront Resort  (top left photo) today announced that hotel veteran Tim Peters has been named general manager of the state’s only beachfront destination.   

“Tim has more than  30 years’ hotel experience and has done an outstanding job operating our managed upscale beach resort in North Carolina, where he had a significant positive impact on improving profits and guest satisfaction scores,” said Si Sloman, principal of MJS Hotels, operators of the resort.

  “Many of the innovative programs he introduced there will fit well with the major changes and upgrades planned and underway at The Nautical Beachfront Resort.”

Peters replaces Vern Porter who has left the resort to pursue other interests. 

“Vern established a strong relationship between the resort and the community, and we wish him well in his new endeavors,” Sloman said.  “Tim’s job will be to build on those relationships.”

Contact: Jerry Daly, Patrick Daly, Daly Gray Public Relations, (703) 435-6293

jerry@dalygray.com