Thursday, June 24, 2010

Fisher & Phillips Leases 50,000 SF at 12th & Midtown in Atlanta for New Headquarters

ATLANTA (June 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented Fisher & Phillips LLP in its lease of approximately 50,000 square feet of space at 12th & Midtown (top left photo) , located at 1075 Peachtree St.

Kay Davis, senior vice president, Tenant Advisory Group and Law Firm Group, represented the tenant, which is relocating from 945 East Paces Ferry Road in Buckhead.

“This was the perfect opportunity for Fisher & Phillips to take advantage of the economic climate to capture one of Atlanta’s prime office locations, a benefit for both the company’s clients and its employees,” said Davis.

“They were patient and willing to time the requirement to the market, which provided tremendous bonuses for them in every aspect of the lease. The building’s unique floor plates, ample conferencing and meeting space, state-of-the-art fitness center and parking are all well-suited for Fisher & Phillips’ needs.”

Completed in 2009, the 12th & Midtown mixed-use development is located in Atlanta’s Midtown Mile area, (middle right photo)  one of Atlanta’s most vibrant areas hosting a number of upscale retail shops, restaurants, residential buildings and office towers.

Fisher & Phillips’ two floors of space afford panoramic views of Piedmont Park, the lake and the beautiful downtown Atlanta skyline. The property is connected to the new Loew’s hotel, which was also a major benefit for the law firm, according to Davis.

Fisher & Phillips LLP is one of the oldest and largest law firms in the country representing management in the areas of labor, employment, civil rights, employee benefits and immigration law.

Grubb & Ellis Expands into Southern Delaware with addition of Sandra Ware as Vice President

WILMINGTON, Del. (June 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Sandra Ware (bottom left photo)  has joined the company as vice president, focusing on land and investment sales in Kent and Sussex counties.

“We are excited about Sandra’s addition and our expanding presence in Delaware,” said Bob Clements, executive vice president and managing director of Grubb & Ellis’ Philadelphia, Wilmington and southern New Jersey area offices.

“Her knowledge and involvement in land use regulations and legislation make her an obvious choice for land and investment sale representations.”

With nearly 15 years of real estate experience and more than eight years dedicated to the commercial real estate market, Ware was most recently a senior salesperson with Ocean Atlantic Realty, where she focused on representing clients in the acquisition and disposition of commercial properties. She began her career with CENTURY 21 in 1996.

A native Delawarean, Ware is an active member of the community, participating in a number of initiatives to preserve open space. She serves on the statewide board of directors for United Way of Delaware and was a charter member of the Rehoboth Beach-Lewes Sunrise Rotary Club.

Through the organization she co-founded the Positive Growth Alliance, which strives to defend land rights and keeps the 3,000 plus members of the Positive Growth Alliance informed of current legislative activity that may affect farmers, land owners and others.

Contact: Erin Mays, Phone: 312.698.6735, Email:

Grubb & Ellis Announces Closing of Over-Allotment Option for Convertible Notes

SANTA ANA, CA  (June 24, 2010) — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it sold an additional $1.5 million of its 7.95% unsecured convertible notes due in 2015 pursuant to the exercise of the over-allotment option granted to the initial purchaser in connection with the company’s private note offering of $30 million that closed on May 7, 2010.

The company intends to use the net proceeds of approximately $29.4 million from the sale of the aggregate of $31.5 million of notes to fund growth initiatives, short-term working capital and general corporate purposes.

The notes are convertible into the company’s common stock at an initial conversion rate of 445.583 shares per $1,000 principal amount of notes, subject to the Indenture governing the notes dated as of May 7, 2010.

All of the notes in the private offering were sold to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended.

The notes and the underlying common stock issuable upon conversion have not been registered under the Securities Act or applicable state securities laws.

 In connection with the private note offering, the company agreed to file with the Securities and Exchange Commission no later than June 30, 2010 a shelf registration statement on Form S-3 registering, on behalf of the purchasers of the notes, the resale of the notes and the shares of common stock issuable upon conversion of the notes.

The company also intends to convert its currently effective registration statement on Form S-1 that it previously filed on behalf of certain purchasers of its 12% cumulative convertible preferred stock to a registration statement on Form S-3, which conversion will not result in the offering or registration of any additional securities of the company.

Contact: Janice McDill, Phone: 312.698.6707, Email:

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