Thursday, March 29, 2012

Court OKs Grubb & Ellis Sale to BGC Partners

 ORLANDO, FL -- On February 20, 2012, Grubb & Ellis announced an agreement to sell substantially all of its assets to BGC Partners in a Court-supervised process.  We are pleased to announce that the Court has approved this transaction as of yesterday. 

 BGC, Grubb & Ellis and its new partner Newmark Knight Frank, share a common goal: providing clients with world-class service and value-added advice. 

Grubb & Ellis’ strength in transaction and management services combined with Newmark Knight Frank’s consultative approach and sales and leasing operations will create one of the most innovative and dynamic platforms in the real estate market. 

The combination of the two companies will give Grubb & Ellis and Newmark Knight Frank more than 100 offices in North America, 250 million square feet in Property and Facilities Management and a national Appraisal business.

 As part of BGC, Grubb & Ellis will benefit from financial strength, experienced management, powerful proprietary technology and deep marketplace relationships, allowing us to create new opportunities to better serve our clients.

We look forward to continuing serving your real estate needs as part of the BGC organization.  I personally look forward to the opportunities this combination will provide us to grow our relationship with you now and into the future.

Jeffrey S. Sweeney, SIOR (top right photo)
Executive Vice President/Managing Director
Grubb & Ellis Company
20 North Orange Avenue,
 Suite 500, Orlando, FL  32801
Cell: 407.620.6336
 Fax: 407.841.0002

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