Done Deals: Grubb & Ellis Represents Frontier Logistics in 300,000-SF Warehouse Lease in Pasadena,TX

Monday, March 8, 2010

Grubb & Ellis Represents Frontier Logistics in 300,000-SF Warehouse Lease in Pasadena,TX

HOUSTON, TX – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Doug Nicholson, executive vice president, SIOR, CRE, Industrial Group, and John Nicholson, senior vice president, SIOR, Industrial Group, represented Frontier Logistics L.P., a third party logistics company, in a 300,000-square-foot lease of warehouse space at 3005 Highway 225 in Pasadena.

Taking occupancy March 1, Frontier Logistics will use the space for packaging and distributing plastic resin.

“This is a rail-served property excellently located at the northwest corner of Beltway 8 and Highway 225, with close proximity to the Port of Houston,” said John Nicholson.

Brian Gammill and Darryl Noon of Transwestern represented the property’s landlord, ING Clarion, in the transaction.
Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com

Healthcare REIT II Declares Distribution Through Second Quarter 2010

SANTA ANA, CA (Mar. 8, 2010) – Grubb & Ellis Healthcare REIT II, Inc. announced today that its board of directors has authorized a daily distribution to stockholders of record as of the close of business on each day of the period commencing on March 1, 2010 and ending on June 30, 2010.

The distributions will be calculated based on 365 days in the calendar year and will be equal to an annualized distribution rate of 6.5 percent, assuming a purchase price of $10.00 per share.

These distributions will be aggregated and paid in cash monthly in arrears. The distributions declared for each record date in March, April, May and June would be paid in April, May, June and July, respectively.

For more information, please contact Damon Elder, Phone: 714.975.2659, Email: damon.elder@grubb-ellis.com

Preferred Stock Dividend of $3 Per Share Announced

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced its board of directors has declared a dividend of $3.00 per share on the company’s 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of March 19, 2010.