Grubb & Ellis Promotes 11 Top Producers

CHICAGO, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has promoted 10 professionals to executive vice president from senior vice president and one professional to senior vice president status.

The new executive vice presidents are:

John Gavin (top right photo),
Jim Kerrigan (top left photo),
Paul Lundstedt (middle right photo under John Gavin photo),

Vineet Sahgal (middle left photo under Jim Kerrigan photo),
Jay Stewart (middle right photo under Paul Lundstedt photo),
Sven Sykes (middle left photo under Vineet Sahgal photo),
Tom Tunnicliff (middle left photo under Seven Sykes photo)

Tom Volini (middle right photo under Jay Stewart photo )
George Cushing (bottom right photo)

Tom Page (bottom left photo)

Jeff Perpich, new senior vice president, bottom left photo under Tom Page photo)

“The consistently high performance and commitment to superior client service demonstrated by these distinguished individuals set the standard for professionals throughout our company and the entire industry,” said Jack Van Berkel, chief operating officer of Grubb & Ellis and
president, Real Estate Services.

“We are very proud of what they have achieved during their careers and couldn’t be more pleased to have them on our team.”

Lundstedt and Gavin, comprising one of the leading institutional investment teams in the Chicago area, joined Grubb & Ellis’ Institutional Capital Markets group in February of 2009 from Cushman & Wakefield, where they served as executive directors in the Capital Markets Group and were consistently ranked as top producers nationally.

Lundstedt and Gavin have participated in major disposition and recapitalization projects with a total value in excess of $15 billion and $10 billion, respectively.

Kerrigan joined Grubb & Ellis in September of 2008 to lead the company’s National Data Center practice group.

Previously, he was a principal with Staubach and then Jones Lang LaSalle, where he represented clients such as DuPont Fabros, Equinix and SAVVIS Inc.

Kerrigan is a member of the data center organization 7x24 Exchange International, the Chicago Office Leasing Brokers Association, and is a director on the University of Illinois Real Estate Forum.

Sahgal, who joined Grubb & Ellis in 2005, represents a number of national tenants in multiple markets, including Careerbuilder.com, for which he negotiated the lease for the company’s 150,000-square-foot downtown Chicago headquarters in 2008.

Previously, he was senior vice president of the Corporate Advisory/Tenant Representation practice at Jones Lang LaSalle, where was elected to the Jones Lang LaSalle Club recognizing the top five percent of the firm’s officers.

Sahgal has transacted over 6 million square feet of lease transactions in his career and has been consistently recognized at Grubb & Ellis Company’s Circle of Excellence.

Stewart and Tunnicliff, who joined Grubb & Ellis in 2007, are one of the most successful tenant representation teams in the metropolitan Chicago area.

Representative clients include Harley-Davidson Financial Services, Inc., Environ International, Forsythe Solutions Group, Inc., Summit Marketing, Stifel, Nicolaus & Company, Incorporated, Wells Fargo and Xchanging, Inc.

Previously, Stewart and Tunnicliff were executive vice presidents with Trammel Crow Company, and principals and managing directors at the John Buck Company.

Sykes, a director in the company’s Tenant Advisory Group, represents clients on a national basis including Hallmark Corporation, NAVTEQ and HNTB.

Over the course of his 24-year career, he has completed more than 800 office leasing assignments totaling more than 18 million square feet. Prior to joining Grubb & Ellis in 2003, Sykes was an executive director of Insignia/ESG’s Chicago office.

Volini joined Grubb & Ellis’ Tenant Advisory Group in 2001 and represents office tenants on a national basis. A 15-year veteran of the industry, Volini has completed tenant representation assignments totaling more than 8 million square feet with total consideration in excess of $2 billion.

Since 2003, he has consistently been an honoree at Grubb & Ellis' Circle of Excellence awards, ranking him among the top brokerage professionals companywide.

“George (Cushing) and Ken (Page) have demonstrated high integrity and consistently excelled throughout their careers,” said Berkel. “We are very proud of what they have achieved as industry professionals and couldn’t be more pleased to have them on our team.”

With more than 32 years of experience, Cushing specializes in the sale of retail investment properties. He has qualified six times for the Circle of Excellence, which recognizes the company’s top brokerage sales professionals, and serves as a member of Grubb & Ellis’ Brokerage Leadership Board.

Since the year 2000, Cushing has facilitated the sale of 97 shopping centers throughout Texas and the U.S. He was ranked the No. 1 broker in Houston four of the last six years, ranked No. 1 in Texas in 2008 and has ranked nationally in the company’s top 10 brokers three of the last five years.

Page, a 25-year veteran of the commercial real estate industry, is responsible for real estate investment banking activities, including the marketing of investment property for sale in the Southwest region.

He is a member of Grubb & Ellis’ Institutional Capital Markets Group. He has sold more than 30 million square feet of space throughout his career and since 2006, space valued at approximately $1 billion.

Jeff Perpich, one of the premier management services and asset management professionals in the Midwest, has joined the firm as senior vice president, director of Management Services, effective immediately.

“The Chicago market has one of the deepest pools of real estate talent in the country, and we had a lot of very qualified candidates to choose from,” said Eric Forshee, executive managing director, Grubb & Ellis Management Services, Inc. “Jeff quickly rose to the top of our list because of his vast experience in every aspect of our selection criteria. We are happy he decided to join our growing team of professionals.”

In this new position, Perpich will lead Grubb & Ellis’ property management team in Chicago and oversee and expand the company’s Management Services business in the Midwest markets.

Contacts:

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

Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com