opening its doors acquired in late November

"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.