FAIRFIELD, N.J.– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented De’Longhi, a leader in Italian-designed kitchen and home comfort products, in the renewal of 200,000 square feet of warehouse/distribution space at 24 and 30 Passaic St. in Wood-Ridge.
“We were able to assist De’Longhi in achieving its corporate objectives, which were to remain in its current location and find cost saving solutions,” said Donnelly.
Founded in 1902, De'Longhi is the leader in innovative designed-in-Italy kitchen and home comfort products for consumers demanding both high style and long-lasting performance. For additional information about De'Longhi, please visit http://www.delonghiusa.com/.
Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com
Evangelical Covenant Church Buys 50,000-SF Office Building in ChicagoCHICAGO, IL– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has facilitated the sale of 8303 Higgins Road to Evangelical Covenant Church. The purchase price for the 50,000-square-foot office building was not disclosed.
Craig Cassell, vice president and Dirk Riekse, senior vice president facilitated the transaction on behalf of Evangelical Covenant Church. Jason Streepy and Jim Ward, both senior vice presidents, represented the seller, Akton Realty.
“The property provides a centralized location with a Chicago address, great visibility and access to I-90,” said Cassell. “It was a good opportunity for Evangelical Covenant Church to purchase in this marketplace.”
Covenant is expected to take occupancy of the building in the first quarter of 2010.
Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com
Intercontinental Real Estate Corp. Signs 101,436 SF Lease in Tucson, AZ
TUCSON, AZ – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented Intercontinental Real Estate Corporation in its lease of a 101,436-square-foot industrial building, located at 2929 E. Corona, to APAC Customer Services Inc. Financial terms of the 10-year lease were not disclosed.
Bill DiVito, senior vice president, and Howard Kong, CCIM, vice president, managing broker, represented Intercontinental Real Estate in the transaction.
APAC, which immediately took occupancy of 2929 E. Corona, is a leading provider of customer interaction solutions for market leaders in retail and business services, communications, healthcare, insurance and financial services, media and entertainment, and travel industries. The company plans to use the space as a call center. Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com
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