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TUCSON-Grubb & Ellis Co.’s local office has landed its first major assignment since opening its doors here three months ago with brokers from CB Richard Ellis Co. The local brokers are charged with stabilizing the 606,027-square-foot Tucson Technology and Industrial Portfolio acquired in late November by Boston-based Intercontinental Real Estate Corp.

“Our goals are to lease up the balance of the vacant space and to increase rents so we can improve value,” says Bill Divito, senior vice president with Grubb & Ellis’ Tucson office. Divito will team with senior vice president Bob Davis and vice president Howard Kong on the leasing end, while Kevin Rude, vice president and director of management services will oversee property management with help from property managers Sherry Barnhart, LuAnn Shelton and Teri Fitzgibbons.

Divito tells GlobeSt.com that Grubb & Ellis had competed against two local companies for the leasing assignment, which had previously belonged to Picor Commercial Real Estate Services. “This was important to us, as it’s the first large assignment we’ve won since offering the Grubb & Ellis office here,” Divito comments. “We put most of the tenants in this portfolio while we were with CBRE, and had represented the project off and on over the years, so we’re real excited about this opportunity to work with Intercontinental on this.”

He adds that since there isn’t much immediate roll anticipated, he and his colleagues will focus on backfilling space. The portfolio is 89% occupied.

The portfolio consists of Tucson Center I at 2929 E. Corona Rd.; Tucson Center II at 6950 S. Country Club Dr.; Tucson Center III at 2900 E. Elvira Rd. and Tucson Center IV at 3000 E. Elvira Rd. Also in the collection are Medina Business Park I & II at 2201 E. Medina Rd. and 2425 E. Medina Rd. Current tenants include Ferguson Enterprises Inc., United Collection Bureau Inc., United Parcel Service Inc. and Solon America.

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