Wednesday, April 22, 2009

Grubb & Ellis Announces Recent Transactions

ROSEMONT, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced the following transactions.

Sales

African American Christian Foundation purchased 2,862 square feet of office space at 6707 North Ave. in Oak Park from Elecmat Holdings LLC. Brett Ratay and Michael Fortuna of Grubb & Ellis represented the seller in the transaction.

NSB Land LLC purchased 10 acres of land at 7000 Frontage Road in Burr Ridge from Centrum Finance V LLC. Michael Fortuna, Brett Ratay and Jim Cummings of Grubb & Ellis represented the seller in the transaction.

Astute Properties LLC purchased 11,223 square feet of industrial space at 41650 215 Prairie Lake Road in East Dundee from GMR Partnership. Bruce Granger of Grubb & Ellis represented the seller in the transaction.

Big City Properties LLC purchased 30,000 square feet of industrial space at 4340 Carroll Ave. in Chicago from Jeff Ginger. Sebastian Wilk of Grubb & Ellis represented the seller in the transaction.

Leases

RJW Logistics leased 77,000 square feet of warehouse/distribution space at 11240 Katherine’s Crossing in Woodridge from Bristol Group. Brian Carroll of Grubb & Ellis represented the lessee in the transaction.

Board of Trustees for the University of Illinois executed a lease expansion of 6,767 square feet of industrial space at 8205 Cass Ave. in Darien with Grubb & Ellis Realty Investors, LLC. Jason Streepy and Linda Garske of Grubb & Ellis represented the lessor in the transaction.
Nashua Corporation renewed 11,259 square feet of office space at 250 Northwest Highway in Park Ridge from Park Ridge Building LLC. Craig Cassell and Jim Ward of Grubb & Ellis represented the lessee in the transaction.

Zierick Manufacturing Corp. leased 1,504 square feet of office space at 1005 Internationale Parkway in Woodridge from Norco Associates. Michael Fortuna and Brett Ratay of Grubb & Ellis represented the lessor in the transaction.

Gallagher Bassett Services Inc. leased 26,416 square feet of office space at 1901 Meyers Road in Oakbrook Terrace from PanCor Management, Inc. Kevin Moore and Gregory Tait of Grubb & Ellis represented the lessee in the transaction.

Contact: Erin Mays, 312.698.6735, erin.mays@grubb-ellis.com

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