PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact: Phone: Email:
Erin Coller 858.625.5242 ecoller@breb.com
Grubb & Ellis|BRE Commercial Lease Transactions
SAN DIEGO (Feb. 13, 2009) - Grubb & Ellis|BRE Commercial, San Diego’s market leader in commercial real estate brokerage, today announced the following lease transactions: Lessor: Lessee: Description: Location: Representative(s): Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s): Hub Properties Trust c/o REIT Management & Research, LLC So. Cal. Soft-Pak, Inc. 3,668 square feet, office lease 3550 Camino del Rio North, Suite 208 & 212, 92108 Tim Olson, Colliers International, lessor’s broker Jack Kruger, Grubb & Ellis|BRE Commercial, lessee’s broker $400,718 65 Months Fund VII Plaza 2020, LLC c/o TA Associates Randstad General Partners (US), LLC 2,070 square feet, retail lease 2020 Camino del Rio North, Suite 105, 92108 Joseph Yetter, Mike Clark, Brian Jinings, CCIM, Grubb & Ellis|BRE Commercial, lessor’s broker Aaron Denike, USI Real Estate Brokerage Services, lessee’s broker $313,014 64 Months Cardiff Towne Center, LLC c/o Stepstone Real Estate LLC Azzaria Boutique 1,173 square feet, retail lease 2021 San Elijo Ave., Cardiff by the Sea, 92007 Bruce Schiff, CCIM, Phil Lyons, CCIM, Chad Iafrate, CCIM, Grubb & Ellis|BRE Commercial, lessor’s broker $206,515 60 Months
Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s): Total Consideration: Term of Lease:
BRE Commercial 4350 La Jolla Village Drive Suite 500 San Diego, CA 92122 858.546.5400 858.630.6320 fax
Independently Owned and Operated
2–2–2 02/13/09 Grubb & Ellis|BRE Commercial Lease Transactions
Lessor: Lessee: Description: Location: Representative(s):
Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s): Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s):
North Coastal Business Park Flex Partners, Inc. 3,436 square feet, office lease 535 Encinitas Blvd., Suite 109, Encinitas, 92024 Kevin Farrell, Cushman & Wakefield, lessor’s broker Dennis Visser, SIOR, Aric Starck, Grubb & Ellis|BRE Commercial, lessee’s broker $186,034 24 Months Cardiff Towne Center, LLC c/o Stepstone Real Estate, LLC Azzaria Boutique 1,127 square feet, retail lease 2029 San Elijo Ave., Cardiff by the Sea, 92007 Bruce Schiff, CCIM, Phil Lyons, CCIM, Chad Iafrate, CCIM, Grubb & Ellis|BRE Commercial, lessor’s broker $162,288 60 Months Regency Center LP Frozen Yogurt 900 square feet, retail lease 964-1042 West El Norte Pkwy., Suite 1022-B, Escondido, 92026 Bruce Schiff, CCIM, Phil Lyons, CCIM, Chad Iafrate, CCIM, Andrew Peterson, Grubb & Ellis|BRE Commercial, lessor and lessee’s broker $157,680 60 Months Carlsbad Crossroads c/o H.G. Fenton Company Immunovative Clinical Research 3,100 square feet, industrial lease 2720 West Loker Ave., Suite Q, Carlsbad, 92010 Dennis Visser, SIOR, Aric Starck, Steven Field, Grubb & Ellis|BRE Commercial, lessor’s broker James Karlovsky, Coldwell Banker, lessee’s broker $147,912 38 Months
Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s):
Total Consideration: Term of Lease:
BRE Commercial 4350 La Jolla Village Drive Suite 500 San Diego, CA 92122 858.546.5400 858.630.6320 fax
Independently Owned and Operated
3–3–3 02/13/09 Grubb & Ellis|BRE Commercial Lease Transactions Lessor: Lessee: Description: Location: Representative(s): Regency Center LP Dry Cleaners 900 square feet, retail lease 964-1042 West El Norte Pkwy., Suite 1022-A, Escondido, 92026 Bruce Schiff, CCIM, Phil Lyons, CCIM, Chad Iafrate, CCIM, Andrew Peterson, Grubb & Ellis|BRE Commercial, lessor and lessee’s broker $100,350 60 Months The Koll Company The AIM Financial Consulting Group, Inc. 1,052 square feet, office lease renewal 5030 Camino de la Siesta, Suite 406, 92108 Jack Kruger, Grubb & Ellis|BRE Commercial, lessor and lessee’s broker $82,946 40 Months Carlsbad Gateway Center Wire Works, Inc. 1,338 square feet, industrial lease 5671 Palmer Way, Suite H, Carlsbad, 92010 Dennis Visser, SIOR, Aric Starck, Steven Field, Grubb & Ellis|BRE Commercial, lessor’s broker Glenn Stokoe, Coldwell Banker Commercial, lessee’s broker $29,319 24 Months Soval, LLC DLK Investment Management 1,145 square feet, office lease 11230 Sorrento Valley Road, Suite 200, 92121 Brad Tecca, Brett Ward, Grubb & Ellis|BRE Commercial, lessor and lessee’s broker $22,241 12.5 Months
Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s): Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s):
Total Consideration: Term of Lease: Lessor: Lessee: Description: Location: Representative(s): Total Consideration: Term of Lease:
BRE Commercial 4350 La Jolla Village Drive Suite 500 San Diego, CA 92122 858.546.5400 858.630.6320 fax
Independently Owned and Operated
4–4–4 02/13/09 Grubb & Ellis|BRE Commercial Lease Transactions
About Grubb & Ellis|BRE Commercial Grubb & Ellis|BRE Commercial is one of Southern California’s leading privately held commercial real estate brokerage firms. Based in San Diego and a leader in market coverage (as ranked by CoStar), Grubb & Ellis|BRE Commercial represents over 40 million square feet of industrial, office and retail properties throughout the region. The company also provides tenant representation services to key firms and offers investment and financing services. In 2007 more than $3 billion in investment transactions were completed by Grubb & Ellis|BRE Commercial. With corporate office locations in Carlsbad, UTC, downtown San Diego, Otay Mesa and El Cajon, the Grubb & Ellis|BRE Commercial team consists of approximately 190 commercial real estate professionals and personnel. Grubb & Ellis|BRE Commercial maintains extensive expertise in all phases of commercial real estate transactions including leasing, investment sales, market research analysis, tenant advisory services, mortgage financing and financial analysis. As a fullservice brokerage firm the company serves emerging and established firms as well as all commercial property types including industrial, investment, office, retail, multi-family, restaurant/fast food, self-storage, and undeveloped land throughout San Diego County, and Southern California. For more information about Grubb & Ellis|BRE Commercial, please visit www.brecommercial.com. About Grubb & Ellis Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise. Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit www.grubb-ellis.com. ###
BRE Commercial 4350 La Jolla Village Drive Suite 500 San Diego, CA 92122 858.546.5400 858.630.6320 fax
Independently Owned and Operated