Respond Inc., a firm that develops and supports software for complaint handling systems, is an affiliate of Initiative Software Applications based in the United Kingdom. Grubb & Ellis valued the two-and-a-half year sublease at $500,000.
Grubb & Ellis officials involved the deal note, "Even with the heated demand for space in this market, Charleroi had a challenging deadline to accomplish this sublease very quickly. But, by aggressively marketing the desirability of the location along the Route 7 corridor, as well as the space, we were able to get the job done."
They continued, "As proof of the strength of the market, the Route 7 corridor has experienced steady leasing of close to 800,000 sf of new or repositioned space over the past several years leaving only about three percent available to the market today."
D.J. Smith of Rand Real Estate Services represented Respond.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
