Grubb & Ellis Represents Door Systems in Lease Renewal of 63,000 SF in Itasca, IL

 ROSEMONT, Ill. (June 7, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  represented Door Systems, a division of KONE, in the long-term lease renewal of 63,305 square feet at 751 Expressway Drive in Itasca.

The maker of dock doors and dock equipment has been in the building since 1993.

Matt Mulvihill, executive vice president, Industrial Group, Tom Tunnicliff, executive vice president, Office Group, and Sam Durkin, associate vice president, Industrial Group, facilitated the transaction.

“Door Systems has benefited from the signage visible from I-355, as well as convenient access to all major expressways,” said Mulvihill. “We’re pleased to have helped Door Systems implement its long-term real estate strategy.”

Since 1954, Door Systems has specialized in the assembly, installation and servicing of all makes and types of doors and dock equipment. Rather than follow a “one size fits all” approach to doors, the company tailors the doors to match the specific requirements for each client by offering both custom and standard stock items in the most popular styles and colors.

Anne P. Rahm Joins Grubb & Ellis as Vice President, Corporate Finance

GROSSE POINTE, MI – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that Anne Rahm  (middle left photo) has joined the company as Vice President, Corporate Finance.

A 19-year veteran of the commercial banking and finance sector, Rahm will support the Corporate Finance group in providing capital markets advisory and execution expertise for single-tenant assets on behalf of corporate users, developers and owners.

“Annie brings tremendous banking and corporate credit experience to support the execution of assignments and the service of our clients and capital sources,” said Jeff Shell, executive vice president and director, Corporate Finance. “She has a tremendous understanding of today’s corporate credit and capital markets issues, making her a great addition to our team.”

 Rahm joined Grubb & Ellis from Community Central Bank, where she was a commercial lending officer responsible for managing a commercial loan portfolio with approximately $20 million in exposure.

Previously, she served in commercial loan officer roles with the Northern Trust Company, Michigan National Bank, First Union National Bank and Riggs National Bank. She was also co-founder and principal/treasurer of Rahm Building Company, a private real estate investment and development firm.

Rahm is a licensed real estate salesperson in the state of Michigan. She received her bachelor’s degree from Miami University.

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

Grubb & Ellis Issues Statement Regarding Registration Rights Filing

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has  filed a registration statement on Form S-3 with the Securities and Exchange Commission relating solely to shares of common stock owned by the company’s Chairman, C. Michael Kojaian, (lower right photo)  and entities affiliated with Mr. Kojaian.

The registration was effected pursuant to a registration rights agreement entered into with the Kojaian Parties on April 28, 2006.

“This shelf registration relates to a long-standing registration rights agreement,” said C. Michael Kojaian, the company’s chairman. “As stated in last week’s filing, the Kojaian Parties have no specific plan or current intention to sell any shares of common stock. I have a long history with the company, and my confidence in Grubb & Ellis’ leadership and long-term growth strategy has never been stronger.”

The registration statement relating to these securities has been filed, but has yet to become effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

 Contact: Janice McDill, Phone: 312.698.6707, Email: janice.mcdill@grubb-ellis.com

Phoenix Office of Grubb & Ellis  Expands with Addition of Office/Medical Condo Team

PHOENIX, AZ) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has expanded its Phoenix office with the addition of the three-person office and medical condo leasing and sales team of Sheila Bale (lower left photo), Colleen McPherson (lower right photo)  and Ryan O’Connor (bottom left photo)  

Since opening in a temporary location in April, the Grubb & Ellis Phoenix office has grown to include 12 professionals.

Bale joins Grubb & Ellis as vice president, Office Group, from Prudential CRES Commercial Real Estate, where she served seven years as a vice president specializing in the sales and leasing of office space in the greater Phoenix area.

With more than 10 years of commercial real estate experience, McPherson, vice president, joins Grubb & Ellis from The Plaza Companies, a medical office development and brokerage firm. Prior to that, she spent six years at CB Richard Ellis as vice president, leading the firm’s local medical leasing and office condo sales team.

O’Connor began his career in commercial real estate with Prudential CRES Commercial Real Estate in 2008, where he teamed with Bale and was involved in transactions valued in excess of $6.4 million. He holds a bachelor’s degree from the University of Arizona and is a member of NAIOP’s local Young Leaders committee as well as the Urban Land Institute’s local Young Leaders Group.

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