ROSEMONT, IL (Dec. 8, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it facilitated the sale of 2900 Golf Road in Rolling Meadows to Jani-King.
The purchase price for the 48,000-square-foot office building was not disclosed.
Craig Cassell, vice president, and Jim Ward, senior vice president, facilitated the transaction on behalf of Jani-King. Vince D’Amico and Dirk Riekse, both senior vice presidents, represented the seller, an undisclosed investor.
“Companies in a position to make long-term decisions can benefit from purchasing in today’s market,” said Cassell. “The extra space and land Jani-King acquired in this transaction presents cash flow and/or future expansion options.”Jani-King will move its operations to the new facility in the first quarter of 2010 from 1701 E. Woodfield Road, where it was previously a long-term lessee. The commercial cleaning company will occupy approximately 15,000 square feet and plans to market the remaining 33,000 square feet for lease.
In addition to the 48,000 square feet of office space, the building has a 28,000-square-foot basement. The sale also included an adjacent 3.5-acre parcel of land.
Contact:
Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com
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