Federal Agency Expands Lease to Occupy 258,248 SF in Falls Church, VA BuildingWASHINGTON, D.C. (Aug. 27, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that it represented Carr Properties in a lease expansion with the U.S. Government (General Services Administration) totaling more than 113,000 square feet of office space at the Suffolk Building in Falls Church, Va.
The U.S. Government now occupies the entire building, which totals 258,248 square feet.
Kurt Stout, senior vice president, Charles Dilks, vice president, and Keith Lavey, vice president, all of Grubb & Ellis’ Government Services Group, facilitated the transaction.
The seven-story office building, located at 5611 Columbia Pike in Falls Church, Va., was fully renovated in 2001-2002, with additional security upgrades made in 2005 and 2008.
Financial Management Systems Signs 2 Leases Totaling 51,800 SF in Metro Chicago
Grubb & Ellis represented Financial Management Systems in two leases totaling 51,800 square feet of office space, expanding the company’s presence in the Chicago-area market.
The first lease, which totals approximately 24,000 square feet at 1000 E. Woodfield Road in Schaumburg, Ill., is a renewal and expansion of the company’s headquarters location.
The second lease, comprising 27,000 square feet at 4021 Morsay Drive in Rockford, Ill., represents a new location for FMS and was secured to support the company’s escalating role as a federal contractor. FMS seeks to fill approximately 50 positions at the location immediately and will create as many as 300 additional employment opportunities by 2011.
Grubb & Ellis’ Craig Cassell, vice president, Office Group, facilitated the transactions on behalf of FMS.
General Motors Leases 166,144 SF in Southfield, MI
Grubb & Ellis represented Ashley Capital in the lease of 166,144 square feet at Brownstown Business Center to General Motors Corp.
Dan Labes, senior vice president, Global Logistics, and Jim McClowry, senior vice president, Industrial Group, facilitated the transaction.
According to General Motors, the company plans to open a $43 million lithium-ion battery assembly plant for the Chevy Volt extended-range electric vehicle in the industrial park, creating more than 600 employment opportunities.
Contact: Erin Mays, Phone: 312.698.6735. Email: erin.mays@grubb-ellis.com
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