Grubb & Ellis Represents Lisle Portfolio LLC in Sale of 51,000-SF Office Building to Chicago Regional Council of Carpenters

ROSEMONT, IL (Aug. 3, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented Lisle Portfolio LLC, a subsidiary of Philadelphia-based Amerimar, in the sale of 51,000 square feet of office space at 4979 Indiana Ave. in Lisle to the Chicago Regional Council of Carpenters.

The purchase price was undisclosed.

The organization purchased the building with the intent of consolidating its suburban operations in one location.

Michael Fortuna, senior vice president, and Brett Ratay, vice president, both of Grubb & Ellis’ Office Group, facilitated the transaction on behalf of the seller. Jules Marling and Michael Jacobs of Real Estate Research Corporation represented the buyer.

“The property provides a centralized location in the Chicago suburbs with close proximity to major highways and other thoroughfares,” said Fortuna. “It was a good opportunity for an organization like the Chicago Regional Council of Carpenters to purchase its own facility in this marketplace.”


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