Rebman Properties Brokers 23.444-SF Industrial Lease in Orlando, FL

   

WINTER PARK, FL (Dec. 15, 2010) - Central Supply Company sub-leased 23,444 square feet of office/warehouse space at 515 Ferguson Street, Orlando, Florida.

 Gemini Management, Inc. was the Sub-lessor on this transaction.

Lyle Nelsen (top right photo) of Rebman Properties, Inc. represented the Sub-lessor.

Contacts:

Lyle N. Nelsen, 407.875.8001, lyle@rebmanproperties.com or

Lynn G. Bailey, Office Manager, Rebman Properties Inc., 1014 W. Fairbanks Avenue, Winter Park, FL 32789 USA, Tel: 407.875.8001; Fax: 407.875.8004
 lynn@rebmanproperties.com

http://www.rebmanproperties.com/

HFF closes $31 million sale of a portion of a 350,000-square-foot retail community center in Daytona Beach, FL

   

MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of a portion of Volusia Square (top left photo), a 349,544-square-foot retail community center in Daytona Beach, Florida.

The HFF investment sales team was led by managing director Brad Peterson (top right photo) who represented the seller, Retail Planning Corporation of Atlanta.

 Cole Real Estate Investments purchased the property for $31 million free and clear of debt.  This is HFF’s fourth sale of a property to Cole in 2010.

Volusia Square is shadow-anchored by Home Depot, Toys R’ Us and Babies R’ Us.  Anchor tenants at the 203,909-square-foot portion of the shopping center that was sold include Hobby Lobby, HH Gregg and TJ Maxx. 

The portion of Volusia Square that was sold totals 22.4 acres and is located at 2455 West International Speedway Boulevard (US Route 92) close to Interstate 95, the Daytona International Speedway and the Daytona International Airport (middle left photo).  Renovated in 2010, the property was 97.6% leased at the time of sale.

“Volusia Square has a dominant regional location that attracts shoppers from a 30-mile radius and services the communities of Ormond Beach and Palm Coast to the north, Port Orange and New Smyrna Beach to the south and Deland to the west," stated Peterson.

"As a result, the International Speedway Boulevard retail submarket is a ‘must-have’ location for top-tier national retailers, which is evidenced by the high occupancy in the area and the recent tenancy by strong national tenants such as Hobby Lobby and Dicks Sporting Goods,”

“The interest level in Volusia Square was very strong.  More than 100 investors evaluated the offering and approximately a dozen offers were submitted. 

"This high level of interest is part of a growing trend of investors seeking high-quality, anchored retail without a grocery-anchor in order to get a little more investment yield,” Peterson added.

This is the third, non-grocery anchored community center that HFF has sold in Florida over the past 120 days.  HFF sold Riverplace Shopping Center (lower right photo), a 258,359-square-foot center anchored by Stein Mart, Sears, TJ Maxx, Staples, Books A Million, Michaels and Petco in the Mandarin area of Jacksonville in late August. 

Also, HFF sold Pablo Plaza, a 151,660-square-foot community center anchored by HomeGoods, Marshalls, and Office Depot in Jacksonville Beach in September.

Retail Planning Corporation was established in March of 1989 with the contribution of two grocery-anchored centers owned by its principal. 

 The “hands on” business philosophy, the experienced executive and management personnel, and a recognized reputation for excellence has propelled Retail Planning Corporation to the forefront of the retail leasing, management and development industry in and around the southeast. 

 Presently, Retail Planning Corporation manages over 50 shopping centers totaling over five million square feet.

Founded in 1979, Cole Real Estate Investments is one of the most active investors and owners of core real estate assets, managing one of the country’s largest portfolios of retail properties.

Today, Cole owns or manages 37 million square feet of commercial real estate in 46 states with a combined acquisition cost of approximately $7 billion.

Contacts: 

Brad Peterson, HFF Managing Director, (407) 286 5224, bpeterson@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

Cambridge Realty Capital Provides $15.3 Million HUD Loan to Finance Construction of Ottawa, IL Skilled Nursing Facility

CHICAGO, IL--Cambridge Realty Capital Companies reports closing on a $15.3 million loan to provide new construction and permanent financing for Ottawa Pavilion (top left photo), a 129-bed skilled care nursing home in Ottawa, Ill.

Cambridge Chairman Jeffrey A. Davis (lower right photo) said the 40-year term loan was arranged for the owner, an Illinois limited liability company, by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that underwrites FHA-insured HUD loans.

The fully-amortized loan was processed using HUD’s Section 232 funding program. The interest rate was not disclosed.

  

Contact:

Evan Washington

Phone: (312) 521-7604

Fax: (312) 357-1611

E-Mail:  ew@cambridgecap.com

Marcus & Millichap Relocates New Mexico Office

 ALBUQUERQUE, NM – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has moved its Santa Fe office to Albuquerque, according to Gary R. Lucas (top right photo), senior vice president and managing director of the office.

The new address is 4801 Lang Ave., Suite 110, Albuquerque, NM 87109. The phone number is (505) 286-2060. The fax number is (505) 286-5995.

“Our Santa Fe office moved to meet the demands of investors seeking commercial real estate in New Mexico and other parts of the West and Southwest,” explains Lucas.

For information about the firm’s services or to inquire about career opportunities, contact Gary Lucas at (415) 398-2373, or at gary.lucas@marcusmillichap.com.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

HEI Hotels & Resorts Sells Le Méridien San Francisco to Chesapeake Lodging Trust

  

SAN FRANCISCO, CA,  Dec. 15, 2010—HEI Hotels & Resorts (HEI), the nation’s fastest growing private owner/operator of hotel real estate, today announced the sale of the 360-room Le Méridien San Francisco (top left photo) for an undisclosed amount to Chesapeake Lodging Trust.

 HEI will continue to operate the hotel on behalf of Chesapeake under the terms of the transaction. 

“The sale of this asset from our second Fund, formed in 2004, marks our fourth hotel sale of the year,” said Steve Mendell, (top right photo) president—acquisitions and development.

 “Le Méridien San Francisco is a highly regarded hotel in one of the nation’s leading markets. We foresee no staff changes at Le Méridien San Francisco and look forward to continuing our management of this stellar property. We also are well positioned to continue purchasing hotels in our latest fund.”

 “HEI prides itself on aligning with top-tier hoteliers and real estate owners,” said Anthony Rutledge (middle left photo), HEI’s chief financial officer.

 “This is our first partnership with Chesapeake, and we look forward to expanding our relationship as we move forward.  With our operating expertise, we are confident that HEI is the best qualified to maximize this property’s full potential in the months and years to come.”

Located at 333 Battery Park, Le Méridien San Francisco is situated in the city’s financial district, near the Federal Reserve Building and convenient to Chinatown and Fisherman’s Wharf. 

The spacious guest rooms offer sweeping views of the bay and city, 300-count Frette sheets and down duvets, high-speed wireless Internet access, contemporary décor, and high end Nakamichi stereo/CD players.

 The hotel features: market-fresh cuisine at Park Grill and Bar 333 & Bistro, more than 13,000 square feet of flexible meeting space, fitness center with cardiovascular and strength-training equipment, and is completely smoke-free.

HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality firm that acquires, develops, owns and operates full-service, upper upscale and luxury hotels and resorts throughout the United States under such well-known brand names as Marriott, Renaissance, W, Westin, Le Meridien, Sheraton, Embassy Suites, and Hilton.

 For more information about HEI, visit the company’s website, http://www.heihotels.com/

Media Contact:

Stephen Chan, Vice President, Acquisitions and Development, (203) 849-8844

Chris Daly, media, (703) 435-6293

Colliers International Directs Retail Sales Totaling $4.23 Million in Southern California

  

IRVINE, CA.– Colliers International, the second largest real estate services organization globally, has directed the sales of three retail properties in Southern California for a combined $4.23 million.

Jereme Snyder (top right photo), senior vice president, based in Colliers International’s Irvine office, represented the sellers in the following transactions:

Commonwealth Sevenlen, LLC, a private investor, acquired a 26,455-square-foot, free-standing retail building at 151 E. Valley Blvd. in Colton, Calif., for $1.99 million.

Featuring visibility from the 10 freeway, the single-tenant investment property is occupied by Stater Bros. with an absolute NNN lease.

Along with Snyder, Bob Hoyt (top left photo), senior vice president, based in Colliers International’s Irvine office, represented the seller, Vornado Realty Trust. Hai Luong of Tendwell Realty represented the buyer.

Ramsey Real Estate Group, a private investor, acquired a 10,295-square-foot strip retail pad for $1.15 million, adjacent to a Stater Bros Market at 1717 E. Vista Chino in Palm Springs, Calif.

The transaction was the result of a court-ordered, partnership dissolution. Snyder represented both the seller, L&A Associated, LLC and the buyer.

Olin, LLC, a private investor, acquired a 3,190-square-foot single tenant retail property at 6571 El Cajon Blvd. in San Diego, for $1.09 million.

The property is leased to 7-Eleven and is situated within close proximity to San Diego State University. Snyder represented the seller, Summit Realty Advisors, LLC and Pacific Commercial Investments represented the buyer.

“There continues to be an increased demand for well located and stable retail investments in Southern California evidenced by the high volume of activity we received on each of these listings,” said Snyder.

“Our team has consistently been able to exceed our clients’ expectations and achieve maximum value for their assets.” 

Snyder is the co-founder and director of Colliers NNN Group, a specialized national investment team within Colliers International with more than $1 billion dollars in completed transactions.

In 2009, the Colliers NNN Group sold over 100 net leased properties across the country, totaling more than $250 million in transaction volume.  The group’s core focus is the acquisition and disposition of net lease investments throughout the United States.

For further information please contact:

Angela Hwang, Regional Marketing Coordinator, Greater Los Angeles, Colliers International, Tel: 213 532 3258, angela.hwang@colliers.com     

Marcus & Millichap Sells 11-Unit Apartment Building in Tampa, FL

  

TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Drew Park Apartments (top left photo), an 11-unit apartment property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $175,000.

Nicholas Meoli, (bottom  right photo) a multihousing investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of both the seller and the buyer, private investors based out of Florida. 

 Drew Park Apartments is located at 4420 West South Avenue. This 11-unit apartment property was built in 1945 and consists of three one and two-story buildings centrally located in northwest Tampa.

“This property was an all cash transaction and the property produced a 10.12 percent cap rate on current numbers with a 30 percent vacancy” says Meoli.

Press Contact: Bryn D. Merrey, Regional Manager

Lane Asset Management Acquires Texas Apartments

ATLANTA, GA (Dec. 14, 2010) – Atlanta-based Lane Asset Management, LLC has acquired The Villas at River Park West Apartments (top left photo) in the upscale Houston suburb of Richmond, Texas.

The gated community includes 252 one- and two-bedroom luxury garden-style apartments located on ten acres within River Park West, a 545-acre master-planned community.

“We are excited about this latest acquisition, it is a great asset in an excellent location,” said Lane Company President Cindy Pfeifer (top right photo).

 “The market has definitely become more active and we are looking at numerous other assets to add to the portfolio.”

Fort Bend County, where the community is located, is the 11th-fastest growing county in the U.S. The area’s population has been predicted to increase almost 20 percent by the year 2015.

“We are obviously very excited about our most recent acquisition,” added Bill Stahlke (middle left photo), President of Lane Asset Management. “The property is located in a very desirable and upscale area, with single-family homes averaging $300,000.”

Built in 2007, The Villas at River Park West includes amenities such a resort-style pool with a water feature, a fitness center, business center and club room with fireplace and pool table.

The grounds include landscaped courtyards with barbeque and picnic areas as well as greenspaces and nature trails.

Its location along the Southwest Freeway (U.S. 59) makes it accessible to millions of square feet of shopping, dining and entertainment as well as healthcare, professional and business centers.

It is also just minutes from the neighboring suburbs of Sugar Land and Rosenberg.

“The property is conveniently located to thousands of jobs in the medical field such as Methodist Sugar Land Hospital (lower right photo), Memorial Hermann – Sugar Land Hospital, and the Oak Bend Medical Center (lower left photo),” Stahlke added.

Lane acquired the property through a joint venture with Lubert-Adler, a real estate private equity firm specializing in joint ventures with local operating partners.

Lubert-Adler announced last year that it had allocated $250 million to fund the acquisition of multifamily properties with Lane, primarily in the Southeast and Southwest.

 “The transaction was consummated in less than 35 days from the execution of a letter of intent,” Stahlke said. “This is a testament to our strong working relationship with Lubert-Adler.

“We are currently actively pursuing numerous potential acquisitions both in the Southwest and Southeastern U.S. under our venture with Lubert- Adler and are very optimistic that we will be closing other acquisitions in the very near future.”

The deal closed December 1. The purchase price has not been released.

Media Contact: Terri Thornton, Thornton Communications, 404-932-4347 Terri@TerriThornton.com

Legacy Hotel Advisors to Develop New Courtyard by Marriott Hotel in Orlando Through a Collaborative Effort With Darden

ORLANDO, FL, /PRNewswire/ -- Legacy Hotel Advisors (Legacy), a specialized real estate services group and advisor to the lodging industry,  announced plans to develop a 129-room Courtyard by Marriott hotel (top left rendering) on the new headquarters campus of Darden Restaurants, Inc. (NYSE: DRI) in Orlando.

Attractively located along John Young Parkway at the intersection of Taft Vineland Road, the hotel will be supported by demand from Darden's Restaurant Support Center and the adjacent South Park Center office complex.

With convenient access to the Orlando International Airport, Orange County Convention Center, Walt Disney World Resort and other popular attractions, the five-story hotel should benefit from its close proximity to Marriott's luxurious Grande Lakes Orlando resort - which features a 1,000-room JW Marriott and 584-room Ritz-Carlton with 150,000 square feet of combined meeting space and world-class golf, spa and dining offerings.

Thomas J. Hutchison III  (top right photo), chairman of Legacy, said, "We are pleased to be working alongside a preeminent restaurant operator in Darden and to collaborate on a project in our hometown of Orlando, one of the most celebrated visitor destinations in the world.

“ In a market with a strong history of absorbing new inventory, we believe it's an opportune time to invest in lodging assets that can deliver quality, affordability and an exceptional location. And our longstanding relationship with Marriott is a testament to the strength of its brands and loyalty of its customers."

The Courtyard hotel represents the initial phase of a multi-phase development plan for Darden's new 64-acre campus, with future phases to include 28,000-square-feet of retail space and 45,000-square-feet of additional office space.

"Beyond providing on-campus lodging for our specialized training programs and visiting management, the hotel property will further our dedication to sustainable design and construction through Legacy's commitment to develop a LEED (Leadership in Energy and Environmental Design) certified hotel facility," said Suk Singh (middle right photo), senior vice president of development for Darden.

Darden's 469,000-square-foot support center, which opened in September 2009, received LEED Gold certification from the United States Green Building Council, making it the largest newly constructed building in Florida to do so.

 In the Orlando market, the Courtyard hotel will mark the first Marriott branded property with LEED certification.

Legacy's CEO, Jay H. Berlinsky (middle left photo), added, "We're particularly excited to support our local business community and to help attract more visitors to the area. The Courtyard project is a great indicator of the emerging lodging opportunities in Central Florida, and will serve as a catalyst to several new development projects we're pursuing in the region."

Legacy expects to begin construction in 2011. Upon completion, the property will join a local Orlando portfolio of six Courtyard hotels.

With more than 860 locations in 30 countries, Courtyard is Marriott's largest hotel brand and is expanding internationally with 200 additional hotels planned over the next three years.

Legacy has engaged award-winning, Orlando-based designers L2 Studios, Inc., with a proposed exterior rendering of the hotel accessible at www.l2studios.com/news-events.

 For additional information, please visit http://www.legacycos.com/

Contact:: Jay H. Berlinsky, Legacy Hotel Advisors, +1-407-412-9200

Web Site: http://www.legacycos.com/

Latino Hotel Association's First Hotel Franchising Forum Draws Nearly 90 Potential Developers

 HOUSTON, TX Dec. 14, 2010--Officials of the Latino Hotel Association (LHA), the global organization dedicated to expanding Latino ownership, leadership and commerce in the hotel industry, today announced the successful completion of "Hotel Franchising," the group's first hotel franchising forum held outside the U.S. 

The event, which was held November 30 to December 3, 2010, in Saltillo, Coahuila, Mexico, attracted nearly 90 potential developers.

"The positive interest and feedback exceeded our expectations," said Angela Gonzalez-Rowe (top right photo), president and founder of LHA.

 "As many as 90 percent of attendees expressed interest in developing hotels, especially franchised properties, in the immediate future.  As a result of the success of the event, we intend to hold at least one additional forum next year, in conjunction with the Mexican Hotel Association."

"Mexico has tremendous growth potential for the hotel industry," said Armando de la Garza Gaytan (top left photo) president, Convention & Visitors Bureaus Association; president, Hispanic Meeting Professionals.  "Feedback from our members and attendees new to the hotel industry was very positive.  We look forward to a follow-up session in 2011."

Hotel investors, owners and developers in attendance learned the fundamentals of hotel development, acquisition, repositioning and financing at the forum. 

In addition, participants heard strategies for executing successful hotel investment offerings and maximizing strong relationships with brands' management and franchise companies. 

The success of the forum has prompted LHA to begin researching the feasibility of holding similar sessions in Central and South America.

 "Hotels and brands are expanding in Latin America, and we view our role as a resource to help Latino owners and investors make the most informed decisions," said Gonzalez-Rowe.

Mexican attendees came from Saltillo, Monterrey, Guadalajara, Mexico City, Monclova, Parras de la Fuente, Zapopan, andPiedras Negras.

 In addition, Latino attendees from the U.S. came from Florida, Texas, Tennessee, New Mexico and California. 

Many of the 86 registered participants already were hoteliers, representing 42 hotels with 76 to 150 rooms on average.  Some 80 percent expressed an interest in hotel franchising.

More than 90 percent of participants were looking at new hotel development within Mexico, while 10 percent were interested in developing hotels in the United States.

Sponsors of the event include Hilton Hotels & Resorts; Wyndham Hotels and Resorts, LLC; Hyatt Hotels and Resorts; Accor; HVS International; JMBM; Carl Ross Design Group; LLW Architects; Smith Travel Research; and Hotel and Motel Management Magazine.

Additional information is available at the association's website, http://www.latinohotelassociation.org/.

 Contact:

Jerry Daly, Chris Daly, Daly Gray Public Relations,  (703) 435-6293, jerry@dalygray.com

patrick@dalygray.com

http://twitter.com/dalygray

Jones Lang LaSalle Completes 17,261-SF Office Lease with TrueCar, Inc. in Santa Monica, CA

SANTA MONICA, CA,  Dec. 13, 2010 — Jones Lang LaSalle represented TrueCar, Inc. in a 17,261-square-foot lease at 120 Broadway (top left photo) in Santa Monica, Calif. 

The new space will be used for 90 employees and provides space for further growth and expansion.  Zag, a TrueCar, Inc. Company, previously occupied approximately 10,000 square feet of space at 525 Broadway in Santa Monica.

The Jones Lang LaSalle team of Managing Director John Ghiselli and Senior Vice President Craig Kish represented TrueCar in the transaction.  The building owner, Douglas Emmett, was represented in-house by Bob Zelkin.

“The current economic conditions and our knowledge of local market dynamics allowed Jones Lang LaSalle to find a building that could accommodate TrueCar’s growth at favorable lease terms,” said Ghiselli.

TrueCar, Inc. is a revolutionary online automotive solutions provider on a mission to change the way cars are bought and sold.

The Company is pioneering the automotive industry’s adoption of transparent pricing by distributing timely and accurate transactional data on what other people actually paid for a particular vehicle locally, regionally and nationally.

Zag private labels its car buying program and technology platform to more than 50 of the nation’s leading affinity brands. 

Contact: David Ebeling, Phone: +1 949 278 7851

 Email:  david@ebelingcomm.com

HFF arranges $35 million first mortgage financing for Glendale, CA hotel

LOS ANGELES, CA – The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $35 million bridge loan for Embassy Suites Glendale (top left photo), a 272-room, full-service hotel in Glendale, California.

HFF director Tina Derderian (middle right photo) worked on behalf of Kam Sang Company to secure the 36-month, adjustable-rate loan with Prime Finance, a commercial real estate finance company with offices in San Francisco, Chicago and New York.  Loan proceeds financed the payoff of the existing construction loan.

 Kam Sang Company developed the hotel and also manages it. 

Embassy Suites Glendale is located at 800 North Central Avenue in downtown Glendale with easy access to the Ventura Freeway (134) and Burbank, Los Angeles and Pasadena. 

Completed in 2008, the property features a pool, laundry, full-service restaurant, business center and 8,000 square feet of meeting space, including a 5,000-square-foot ballroom.

“Embassy Suites Glendale is the newest upscale-chain hotel in the Tri-Cities area of Pasadena, Glendale and Burbank and is ranked by TripAdvisor as the best business hotel in Glendale,” said Derderian. 

Kam Sang Company, established in 1979, develops, acquires and manages hospitality, retail, residential and mixed-use properties in Southern California.

Contacts:

Tina K. Derderian, CPA, HFF Director, (310) 407-2100, tderderian@hfflp.com

Kristen M. Murphy, Associate Director, Marketing, (713) 8523500, krmurphy@hfflp.com

                          

Southern Commercial Completes 52,228-SF New Lease in Orlando, FL

ORLANDO, FL-- Principals Tom McFadden, SIOR  and William “Bo” Bradford, CCIM, SIOR of Southern Commercial Real Estate Advisors completed a 52,228 square foot new lease at 7488 Brokerage Drive.

 McFadden and Bradford represented the Landlord, CLP Industrial Properties, LLC.  The Tenant, Courier Express/Orlando, Inc., was represented by Steve Coughlin with Coughlin Commercial.

Media Contact: Celeste MacKenzie, 321-281-8503 cmackenzie@southerncommercialre.com

                                

Grubb & EllisTapped as Leasing Agent for Strawberry Plaza in Plant City, FL

 

TAMPA, FL  (Dec. 13, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected by Kendall Pavilion LLC as the leasing agent for approximately 109,000 square feet of retail space at Strawberry Plaza (top left photo), located at 1808 James Redman Parkway in Plant City.

John Stoner, CCIM, and Wanda De Boer, both vice presidents in the Retail Group, will handle the leasing for the property.

“This is an excellent opportunity for users to locate in one of the East Tampa area’s most attractive high-traffic retail corridors at very aggressive lease rates,” said Stoner. 

“Strawberry Plaza also represents one of the few opportunities in the area to co-anchor a development, making it an attractive option for users looking for as much as 38,000 square feet.”

Plant City is located just 30 minutes east of Tampa and is strategically located between I-4 to the north and SR-60 to the south, offering convenient access from Tampa, Lakeland and Brandon. 

The area’s demographics include young families in the upscale Walden Lake Golf & Country Club community, which has more than 2,240 homes.

Retail suites ranging from 1,200 square feet to 4,800 square feet are available, as well as a 24,400-square-foot to 38,800-square-foot “big box” space for a potential co-anchor.

The property is also currently available for sale at an asking price of $7.75 million.

For more information, contact:

 Stoner at 305.982.4113 or john.stoner@grubb-ellis.com.

 Rachel Andreozzi, 561.893.6296, rachel.andreozzi@grubbellis.com

                                                              

         

Grubb & Ellis Bolsters Lease Administration Capabilities

  

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that Susan E. Calvert (top right photo) and Joe I. Munoz (middle left photo) have joined the company’s Lease Administration group.  The pair joins from SRS Real Estate Partners and is based in Dallas. 

 Calvert, who joins as manager, Lease Administration, spent two years as a real estate administrator with SRS Real Estate Partners, where she was responsible for commercial portfolios spanning approximately 350 locations.

 Previously, she owned and operated Contracts-to-Close from 2004 to 2008, and worked as a residential real estate agent for 11 years.  She holds a bachelor’s degree from the University of North Texas. 

Munoz, who will also serve on the lease administration team, spent seven years with SRS Real Estate Partners, ultimately rising to the position of lead real estate administrator.

  In this position, he acted as the key point of contact between clients and their landlords, tenants and vendors.  Munoz began his career in commercial real estate in 2000 as a lease specialist for Sprint PCS’ Engineering and Operations division.

 Contact:  Julia McCartney,  Phone: 714.975.2230                                     

Email:  julia.mccartney@grubb-ellis.com

Charles Adolphe and Bryan Teel Join Grubb & Ellis’ Industrial Group in San Diego, CA

 SAN DIEGO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that Charles Adolphe (top right photo) and Bryan Teel (middle left photo) have joined the company’s Industrial Group as senior vice president and associate vice president, respectively. 

The team joins Grubb & Ellis from Cushman & Wakefield. 

“Charlie and Bryan bring a number of established client relationships and are an excellent addition to our local office,” said Jim Munson (lower right photo), executive vice president and managing director of Grubb & Ellis’ San Diego office. 

 “The duo is very well-respected in the region for the deep insight they provide clients and the successful track record they hold,”.

Specializing in tenant and landlord representation of industrial and office properties, the team is best known for its representation of Hamann Properties in its lease of 200,000 square feet of industrial space in Otay Mesa to Mor Furniture For Less in November 2009. 

The transaction has been referred to as one of the most notable industrial transactions in San Diego in recent years.

 The team currently represents clients in leasing and selling more than one million square feet of industrial and office properties.

 Adolphe began his career with Grubb & Ellis in 1988.  He returns to the company from Cushman & Wakefield where he served as a director for the past three years.

Teel began his career with Cushman & Wakefield in 2004 as an associate and holds a bachelor’s degree from the University of Redlands as well as a master’s degree from San Diego State University.

 Contact: Julia McCartney, Phone: 714.975.2230                                     

Email: julia.mccartney@grubb-ellis.com