Grubb & Ellis Secures 145,000-SF Lease for Cadeco Industries in Houston, TX

HOUSTON (March 19, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has secured an approximately 145,000-square-foot lease at Portwall Distribution Center (top right photo) on behalf of Cadeco Industries Inc., a leading service provider of raw coffees.

Owned by Houston-based Warehouse Associates, the warehouse space is located at 530 –542 Portwall St., and is split between two single-story buildings, one offering 81,800 square feet of rentable area and the second offering 62,820 square feet of rentable area, all situated on approximately 7 acres of land. Cadeco Industries took occupancy March 1.

“Two of the attractive qualities of this distribution warehouse for Cadeco Industries are the front loading docks and the accessibility to Interstate 10, both of which will help facilitate the transportation of the company’s goods,” said John Nicholson, senior vice president of Grubb & Ellis’ Houston office.

Also of Grubb & Ellis’ Houston office, Doug Nicholson, senior vice president, joined John Nicholson in the representation of the tenant, Cadeco Industries. Warehouse Associates represented themselves.

Contacts:
Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com
Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com