Wednesday, December 24, 2008

Grubb & Ellis|BRE Commercial, LLC Announces 50,000 SF Lease at Yourland in Phoenix

U.S. Citizenship and Immigration Services Leases Space for Expansion

SANTA ANA, CA (Dec. 24, 2008) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, and its San Diego affiliate, Grubb & EllisBRE Commercial announced today that the United States Citizenship and Immigration Services, the government agency that oversees lawful immigration to the United States, leased 50,000 square feet of office space at Yourland, 1501 E. Buckeye Road. (top left photo).

The historic 20-acre redevelopment project located between Downtown Phoenix and Sky Harbor International Airport is owned by Phoenix-based Martha + Mary, principal Sloane McFarland. (top right photo)

The agency will be the anchor tenant in the phase one redevelopment of Yourland, which includes 80,000 square feet of industrial flex, office and retail space. Redevelopment of phase one is currently underway and expected to be completed fourth quarter 2009. Phase 2 of the project includes ± 150,000 square feet of office and retail space.

Nationally, the U.S. Citizenship and Immigration Services has mandated that 36 of their offices throughout the country either be replaced or renovated.

At Yourland, the agency required the space to be LEED Certified, a requirement completely in alignment with the development values and planning of Martha + Mary.

USCUS is committed to a high level of design and, as they have done in their other new facilities, art is prominently showcased as a major component to the space. Martha + Mary is the developer of urban renewal projects such as 4404, which houses local favorites Lux Coffeebar and Pane Bianco, as well as the 1940’s era Welcome Diner in Downtown Phoenix, which Martha + Mary operates.

Mark Stratz, Tyler Wilson, Mike Haenel and Andy Markham of Grubb & EllisBRE Commercial represented the landlord Martha + Mary during the lease transaction. Julie Stoner of Jones Lang LaSalle represented the tenant.

Contact: Janice McDill, Phone: 312.698.6707. Email: