Wednesday, March 4, 2009

CB Richard Ellis Represents Michaels Stores Inc. in 270,000-SF Lease in Jacksonville, FL

JACKSONVILLE, FL--CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to have represented Michaels Stores, Inc. in the lease transaction of 270,000 square feet at 4300 Bulls Bay Highway inside the Westside Industrial Park (middle left photo) in Jacksonville, Florida .


The team of Terry Quarterman, First Vice President, and Jeff Nelson, (top left photo) Senior Associate, of CB Richard Ellis in Jacksonville represented Michaels Stores, Inc. in the transaction.

For over 20 years, the family of Michaels Stores, Inc., the nation's largest specialty retailer of arts and crafts materials, has been helping crafters of all ages express themselves with skill and originality. Michaels is scheduled to occupy the building this summer and will be using the space for their seasonal goods distribution center.

Built in 1991, 4300 Bulls Bay Highway is a Class "B", single-tenant industrial warehouse building owned by Stone Mountain Industrial Park, Inc.

Michaels Stores, Inc., based in Irving, Texas, is the world's largest specialty retailer of arts, crafts, framing, floral, wall d├ęcor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.

The company currently owns and operates over 1000 Michaels stores in 49 states and Canada and 161 Aaron Brothers stores.

Contacts:
Terry Quarternam, 904.630.6342, terry.quarterman@cbre.com
Jeffrey Nelson, 904.630.6359, jeffrey.nelson@cbre.com

CB RICHARD ELLIS ORLANDO BROKERS RECEIVE THREE NAIOP AWARDS

The Orlando office of CB Richard Ellis received three awards at the Central Florida NAIOP 2008 Awards dinner.

David Murphy, (middle left photo) Senior Vice President, won Industrial Broker of the Year for the sixth consecutive year and seventh time in ten years.

Ron Rogg, (middle right photo) Executive Vice President, won Investment Property Broker of the Year for the fourth consecutive year.

Chris Sproles,(bottom left photo) First Vice President, won the Unique Deal of the Year award for his representation of GAI Consultants in the relocation of their Florida corporate headquarters to a seven-story building that is currently under construction east of downtown Orlando.

Chris also finished second in the Office Broker of the Year category.

Bill Moss, (bottom right photo) Senior Managing Director, acknowledged, "We are pleased that three CB Richard Ellis Orlando Sales Professionals, David, Ron and Chris, have been recognized for these prestigious NAIOP awards. Their achievements validate our commitment to creating great client experiences."

Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com

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