Giunta and Nugent of Grubb & Ellis facilitate 8,700 s/f lease for Preotle Lane & Associatesa

Grubb & Ellis Company recently represented Preotle Lane & Associates in the lease of 8,700 s/f of office/laboratory space at 200 River's Edge Dr. to Progenika, Inc. Progenika, Inc., is the U.S. subsidiary of Progenika Group, a Bilbao, Spain-based leader in multiplex genotyping technologies. Phil Giunta, executive vice president, and George Nugent, senior vice president, both of Grubb & Ellis' Boston office, facilitated the transaction. Deborah Stevens of The Stevens Group represented Progenika. "The addition of Progenika further establishes 200 River's Edge as a magnet for high-tech users," said Giunta. "Its efficient space, property amenities and award-winning park make it an excellent option for tenants looking for high-image and flexible office or laboratory space in a park setting." RiversEdge is a 30-acre mixed-use project, including LEED-certified buildings. Completed in the fourth quarter of 2009, 200 River's Edge is a 115,000-square-foot LEED Gold-certified office facility on the Malden River featuring a café, river terrace and fitness center. The building currently has 74,300 square feet of space remaining for lease. Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 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.