Thursday, September 3, 2009

Grubb & Ellis Promotes Eric Stone to Executive VP, Managing Director, New Jersey

SANTA ANA, CA (Sept.3, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Eric Stone has been promoted to executive vice president, managing director.

In this role, he will oversee the company’s Northern and Central New Jersey operations, which includes offices in Fairfield and Edison and a regional management portfolio totaling in excess of 8 million square feet of property.

Stone joined Grubb & Ellis in 2005 as vice president and director of Management Services. During his tenure, he has overseen the expansion of the company’s relationships with a host of clients, including TIAA-CREF, Guggenheim, Sterling Equities, Principal Global, PM Realty, Invesco, Schering Plough, LexisNexis and Verizon Wireless. Since 2005, New Jersey-managed assets have won three BOMA-TOBY awards, and several have received Energy Star designations.

“This promotion recognizes Eric’s leadership skills and his ability to team with each client to deliver solutions that meet their unique needs,” said Jack Van Berkel, (top right photo) president of Grubb & Ellis’ Real Estate Services operations. “I’m confident that with Eric as our New Jersey market leader, our clients will be well-served and Grubb & Ellis will continue to grow.”

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

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