Grubb & Ellis Healthcare REIT II Acquires Lacombe Medical Office Building Near New Orleans

NEW ORLEANS (Mar.  10, 2010) – Grubb & Ellis Healthcare REIT II, Inc. today announced the acquisition of Lacombe Medical Office Building, (top left photo)  an approximately 34,000-square-foot, multi-tenant medical facility in the New Orleans suburb of Lacombe. The acquisition closed on March 5, 2010.

Located at 64030 Highway 434, Lacombe Medical Office Building is on the campus of, and physically connected to, Louisiana Medical Center and Heart Hospital, (middle right photo)  named one of the nation's 100 Top Hospitals® for cardiovascular care by Thomson Reuters in 2008. In 2009, the hospital completed a $40 million, 120-bed, 109,000-square-foot patient tower, which more than tripled its patient capacity.

“As a fully leased facility located on the campus of a thriving medical center, Lacombe Medical Office Building is an ideal acquisition for Grubb & Ellis Healthcare REIT II,” said Danny Prosky, president and chief operating officer. “Additionally, this off-market acquisition is attractively priced and will be immediately accretive to our bottom line.”
 

Lacombe Medical Office Building is 100 percent leased to five tenants, all of which specialize in the field of cardiac surgery. The property was acquired from CC Lacombe, LLC, an unaffiliated third party, represented by Doug Connell of Grubb & Ellis Company. Grubb & Ellis Healthcare REIT II financed this acquisition with cash proceeds received from its offering.

Contact: Damon Elder, Phone: 714.975.2659, Email: damon.elder@grubb-ellis.com
 
 
Richard Antczak Joins Grubb & Ellis as Vice President, Industrial Group

ROSEMONT, Ill. (March 8, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Richard M. Antczak (middle left photo)  has joined the firm as vice president, Industrial Group, effective immediately.

In this role, Antczak will provide industrial commercial real estate services for owners and users in the I-80, I-55 and I-88 industrial submarkets.

“Rich’s reputation and integrity make him a great fit for Grubb & Ellis culturally,” said Chris Lydon, senior vice president and leader of the Industrial Group in the Chicago market. “His experience and client relationships will greatly enhance our presence in the I-88, I-80 and I-55 corridors. We’re excited he has chosen to join our growing industrial team.”

Antczak was most recently a vice president with Op2mize Commercial Real Estate. Previously, he spent 10 years as a managing director with Champion Realty Advisors, where he represented clients including Kellogg’s USA, ProLogis, Ridge Realty Trust and Zenit Tool in their industrial needs in the Chicago area. Prior to starting his brokerage career with Champion, Antczak held corporate real estate and operations positions with OfficeMax and American Stores/Osco Drug for 15 years.

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


Grubb & Ellis  Expands San Francisco Peninsula Office with Three-Member Industrial Team

REDWOOD CITY, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  has expanded its San Francisco Peninsula office with the addition of an industrial team from Coldwell Banker Commercial.

Mike Davis (top right photo)  and JP Custodio  (lower left photo) join the company as vice presidents, Industrial Group, and Michael Draeger (lower right photo)  joins as an associate, Industrial Group.

Davis spent nearly nine years at Coldwell Banker Commercial. As a senior vice president, he was consistently one of the firm’s top real estate brokers in San Mateo County.

He earned Coldwell Banker’s Circle of Distinction each year and was the No. 1 producer of the Burlingame office from 2002 through 2004 and in 2007 and 2008. His clients include Avis, LSG Sky Chefs, IStar Financial and the San Francisco Examiner. Davis holds a bachelor’s degree from Southern Methodist University.

Custodio began his commercial real estate career with Coldwell Banker Commercial in 2001 and escalated to senior vice president.

During his career, he has leased and sold more than two million square feet of space throughout the San Francisco Bay area. His clients include Ammatac Corporation, Bell Law Firm and Jackson Arms. He holds a bachelor’s degree from San Francisco State University.

Draeger has four years of commercial real estate experience.

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


Bob Helterbran Returns to Grubb & Ellis as Vice President, Multi Housing Group

DALLAS (March 8, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Bob Helterbran, (bottom left photo)  CCIM, has rejoined the company as vice president, Multi Housing Group.

“In his 30 years of commercial real estate experience in the greater Dallas region, Bob has developed many long-term relationships and an in-depth understanding of the market. He is a forward-looking professional that will help us build our multi housing presence in the area, and I’m delighted he’s rejoining the team,” said Moody Younger, executive managing director, Texas.

Helterbran returns to Grubb & Ellis after spending more than two years as senior vice president of Transwestern’s Multi-family investment sales division. Prior to joining Transwestern in 2007, he spent three years with Grubb & Ellis as vice president, Multi Housing Group. Prior to joining Grubb & Ellis in 2005, he was vice president in Pinnacle Realty Management’s Multi-family brokerage division. Helterbran began his career at Coldwell Banker Commercial in 1974.

During his career, Helterbran has been involved in investment transactions valued in excess of $600 million. His clients include LNR Partners, Capmark, Centerline Capital Group, Capital One Bank, GE Capital, Helios AMC – Special Servicing Division, Ocwen Financial Corporation and Cross Equities.

Helterbran holds a bachelor’s degree from the University of North Texas. He is a member of the Greater Dallas Association of Realtors, the North Texas Commercial Association of Realtors and is active in assisting the downtown Dallas homeless shelter.

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