Company Recommends Stockholders Vote FOR Grubb & Ellis’ Experienced Directors and Reject AnthonyThompson’s Opposition Slate
SANTA ANA, CA-– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has filed an investor presentation with the Securities and Exchange Commission in connection with its 2008 Annual Meeting of Stockholders, which is scheduled for December 3, 2008.
Grubb & Ellis’ Board of Directors recommends that all stockholders vote FOR the company’s three independent and experienced directors – Harold H. Greene, Devin I. Murphy and D. Fleet Wallace – on the WHITE proxy card. (Gary Hunt (top right photo) is a director and current CEO of Grubb & Ellis.)
The presentation is available on the Investor Relations s
ection of the company’s Web site at http://www.grubb-ellis.com/ or at the SEC’s Web site at www.sec.gov.
The presentation notes that:
Grubb & Ellis’ Board and management team have a sound strategic plan in place and are taking aggressive actions to increase productivity, reduce costs and position the company for profitable and sustainable growth and success;
Grubb & Ellis has the right Board in place – independent, experienced and committed to creating value for ALL stockholders;
Grubb & Ellis’ Board and management believe Anthony Thompson (top left photo) is attempting to take control of Grubb & Ellis and install Stuart Tanz (middle right photo) as CEO with the intention to cause Grubb & Ellis to buy or absorb Thompson’s newly formed company, Thompson National Properties, a direct competitor; and
ection of the company’s Web site at http://www.grubb-ellis.com/ or at the SEC’s Web site at www.sec.gov.The presentation notes that:
Grubb & Ellis’ Board and management team have a sound strategic plan in place and are taking aggressive actions to increase productivity, reduce costs and position the company for profitable and sustainable growth and success;
Grubb & Ellis has the right Board in place – independent, experienced and committed to creating value for ALL stockholders;
Grubb & Ellis’ Board and management believe Anthony Thompson (top left photo) is attempting to take control of Grubb & Ellis and install Stuart Tanz (middle right photo) as CEO with the intention to cause Grubb & Ellis to buy or absorb Thompson’s newly formed company, Thompson National Properties, a direct competitor; and
Electing Anthony Thompson and his nominees would undermine important business inroads the company has made since his departure, and reverse the constructive steps management and the Board have been taking to create value for all stockholders.
Grubb & Ellis stockholders who have any questions or need assistance voting their WHITE proxy card should contact MacKenzie Partners, Inc., Toll-Free at (800) 322-2885.
CONTACTS:
Media:
Janice McDill, Matthew Sherman / Andi Salas,Grubb & Ellis, 312.698.6707Joele Frank, Wilkinson Brimmer Katcher, 212.355.4449
janice.mcdill@grubb-ellis.com
Investors:
Laurie Connell / Amy Bilbija, MacKenzie Partners, Inc., 212.378.7071 / 650.798.5206
lconnell@mackenziepartners.com
lconnell@mackenziepartners.com
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