AUSTIN-Grubb & Ellis Co. is turning on lights this morning in its first office in the capital city since 1996. The corporate plan is to assemble a full-service transactions team with 10 professionals in the first year.

Ernest Brown, executive vice president and managing director for San Antonio, is overseeing the Austin initiative. He says the company has leased 3,500 sf at 8303 N. Mopac Expressway for the launch pad, shifting the steadily growing team from an executive suite into a full-size office.

The expansion decision was mortared in the traction that the Grubb & Ellis advance team has gained in recent months. Though there’s still work to do, the leasing portfolio is up to 350,000 sf, mostly retail space, and another 200,000-sf assignment is awaiting a final signature, Brown tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.