IRVINE, CA (Dec. 7, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that the Orange County Superior Court appointed Hans Mumper (top right photo), senior vice president, director of Management Services, as receiver of 2600 Michelson (centered photo) , a 310,000-square-foot Class A office building owned by Maguire Properties.
“This property will once again become one of the outstanding assets in the market,” said Mumper. “An intensive marketing campaign will reintroduce this asset and help us increase the value for the benefit of the ownership structure.”
Greg May and
Oliver Fleener, both senior vice presidents in the company’s Newport Beach office, will be responsible for leasing the asset. Current space availability ranges as small as 1,400 square feet and up to 80,000 square feet.
“2600 Michelson is a high-quality building that provides tenants with many surrounding amenities, unobstructed views and an excellent location,” said May. “During this current business cycle it is also very important to make the market aware that the ownership structure is fully capable to fund tenant improvement and commissions. We have already received numerous inquiries since we took the leasing assignment and are involved in negotiations with a number of tenants.”
Contact: Julia McCartney, Phone: 714.975.2230, Email:
julia.mccartney@grubb-ellis.com
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