Grubb & Ellis Represents University of Phoenix in Downtown Expansion

CHICAGO, IL– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that it represented the University of Phoenix in a lease renewal and expansion at 203 N. LaSalle St., bringing the institution’s total occupancy to approximately 44,000 square feet.

“The University of Phoenix has experienced a significant increase in enrollment, driving the need for additional classroom space,” said Craig Cassell, vice president in the Office Group at Grubb & Ellis and tenant representative in the transaction.

 “The available space on the floor directly above the school’s currently occupied space proved to be an excellent solution.”

The university’s existing lease of 27,000 square feet was originally scheduled to expire within the next several years. The renewal and lease expansion, which provides an additional 17,000 square feet of space, has been signed on a long-term basis.

The landlord, M&J Wilkow, was represented directly by Jack O'Brien.


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

Grubb & Ellis AGA Realty Income Fund Announces Dividend

SAN MATEO, CA– Grubb & Ellis Alesco Global Advisors  announced that Grubb & Ellis AGA Realty Income Fund (NSDQ: GBEIX) paid a dividend of $0.132 per share on Sept. 30 to shareholders of record as of Sept. 29. The fund intends to make regular quarterly distributions.

Grubb & Ellis AGA Realty Income Fund is managed by an experienced portfolio team with public and private market real estate experience, as well as long-standing industry relationships. The fund is distributed by Quasar Distributors, LLC.

Grubb & Ellis Alesco Global Advisors is a subsidiary of Grubb & Ellis Company (NYSE: GBE), one of the largest commercial real estate services and investment management firms. This relationship affords them access to a nationwide network of real estate brokers and researchers, providing market insights and understanding on virtually every real estate market and product type in the country.

For more information regarding Grubb & Ellis AGA Realty Income Fund, please visit the fund’s Web site at http://www.gbemutualfunds.com/.


Contact: Damon Elder, Phone: 714.975.2659, Email: damon.elder@grubb-ellis.com

Gary Bechtel is New  Senior Vice President in Newport Beach Office

NEWPORT BEACH, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that commercial real estate veteran Gary Bechtel (bottom right photo) has joined the company’s Newport Beach office as senior vice president, effective immediately. He will be responsible for serving the debt financing and equity needs of clients, expanding the office’s service offerings to include mortgage brokerage.

During his 22-year career, Bechtel has been involved in roughly $7.5 billion in commercial debt transactions involving multiple property types, including office, retail, industrial, multifamily, hospitality, self storage and manufactured housing.

Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com