ONTARIO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that members of its Global Logistics practice group represented Saddle Creek Corporation in a 432,308-square-foot warehouse/distribution lease at 5431 E. Philadelphia St.
The Lakeland, Fla., third party logistics company signed a five-year lease, and immediately took occupancy.
Ron Washle, SIOR, senior vice president, and Mark Kegans, SIOR, senior vice president, in conjunction with Ladson Montgomery, senior vice president of G&E Phoenix Realty Group, the company’s Jacksonville, Fla., affiliate, represented Saddle Creek in the transaction. The property’s landlord, ProLogis, represented itself.
Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com
Leading wireless technology developer moves headquarters from Rolling Meadows to Elgin, IL
Craig Cassell, senior vice president, and Max Chopovsky, senior associate, both of the company’s Tenant Advisory Group, facilitated the six-year lease for the location, which serves as the company’s headquarters and lab/office space.
“Memorylink wanted to move out of its existing space immediately, upgrade its image and consolidate separate operations under one roof,” said Chopovsky. “This new location fit the client’s timing, space and economic needs.”
Tom Freeburg, COO of Memorylink, added, “Max and Craig were able to find a space that is nearly ideal for our needs, while at the same time negotiating a generous tenant improvement allowance from the landlord, all for an amount that made it profitable to walk away from our previous facility well before the end of our lease there. We’re grateful for their tremendous efforts.”
Memorylink is a leading developer of wireless broadband products such as wireless voice, video, and data technologies. The company took occupancy of the space on December 1, 2009.
Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com
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