Thursday, June 12, 2008

Grubb & Ellis Company Names Glen Esnard President, Capital Markets

Newly Created Position Strengthens Investment Brokerage Capabilities; Leverages Company's Expanded Platform

SANTA ANA, CA/PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, announces that Glen Esnard, former President of Brokerage Services at Colliers International, has been named President, Capital Markets.

The newly created position leverages Esnard's nearly 30 years of commercial real estate experience, extensive knowledge of investment sales and the alternative real estate investment market to capitalize on Grubb & Ellis' unique ability to provide clients a full array of real estate services and investment products.
"Strengthening our capital markets capabilities and maximizing the synergies between our real estate services and investment businesses to better serve our clients are both key priorities as we build the new Grubb & Ellis," said Scott D. Peters, (top right photo) Chief Executive Officer of Grubb & Ellis Company. "Glen will be a strong addition to our management team."

CONTACT: Janice McDill of Grubb & Ellis Company, +1-312-698-6707, janice.mcdill@grubb-ellis.com

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