News: Front Section
Posted: May 4, 2010
Grubb & Ellis Co. handle two sales totaling $5 million and three leases totaling 65,536 s/f
Grubb & Ellis Co. (G&E) recently completed the following transactions:
*Bear Hill Road 330 Realty Trust purchased a 22,000 s/f class B office building at 330 Bear Hill Rd., Waltham, from BMEK Bear LLC for $3.5 million. Tom Aitken of G&E represented the seller in the transaction. Steve Moskowitz of Heritage Corp. represented the buyer.
*Accurate Realty Management purchased a 15,370 s/f industrial building at 245 Commercial St., Malden, from Gerberg LP for $1.5 million. Paul Delaney and Tyler Ewing of G&E facilitated the transaction on behalf of both parties.
*Suntron Corp. leased 38,935 s/f of manufacturing space at 300 Griffin Brook Dr., Methuen, from RREEF Mgmt. Aitken and Ewing represented the lessor in the transaction. Matt Daniels of Colliers Meredith & Grew represented the lessee.
*Questex Media Group, Inc. renewed its lease of 16,601 s/f of class A office space at 275 Grove St., Newton, from Equity Office Properties. Jack Kerrigan and Steve Cook of G&E represented the lessee in the transaction. Keith Gurtler of Jones Lang LaSalle represented the lessor.
*Morgan Awning renewed its lease of 10,000 s/f of warehouse/distribution space at 10 Atlantic Ave., Woburn, from Howland Dev. Kerrigan and Cook represented the lessee in the transaction. Howland Dev. represented itself.
About Grubb & Ellis Company
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
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