Shane Wilder Joins Grubb & Ellis as Senior Vice President, Tenant Advisory Group

NEWPORT BEACH, CA(July 6, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Shane Wilder (top right photo)  has joined the company as senior vice president, Tenant Advisory Group, specializing in office leasing.

“Shane’s entire 15-year career has been in tenant representation and he brings tremendous value to our company with his vast experience representing clients in multiple sectors of the industry,” said Greg May, (lower left photo)  executive vice president, co-managing director, Orange County.

 “His devotion and deep understanding of the market will bode well for our clients and I am pleased to welcome him to the team.”

Wilder joins Grubb & Ellis from Studley, where he served as a corporate managing director overseeing the company’s strategic planning and consulting group in Southern California.

During his 11-year career with Studley he consistently ranked as one of the company’s top producers.

 Prior to joining Studley, Wilder began his career with Arledge Power Real Estate Group in 1995. Throughout his career he has represented Fortune 100 companies and large corporate users in leasing more than six million square feet of space.


Grubb & Ellis Represents PPF Orchard Industrial 2164 Batavia LLC in Sale of 246,732-SF Warehouse Building in Orange County, CA

ANAHEIM, CA (July 7, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Jeff Read, (lower left photo)  executive vice president, and Greg Osborne, (lower right photo)  vice president, represented PPF Orchard Industrial 2164 Batavia LLC in the sale of a 246,732-square-foot headquarters/distribution building located at 2164 N. Batavia St. in Orange.

 Frick Family Properties LLC, doing business as Paper Mart, purchased the property for $22.2 million.

“This transaction is among multiple sizeable owner/user sales that have closed in the Orange County area in the last several months, providing good indication of overall improvement in the industrial market,” said Read.

Paper Mart will use 2164 N. Batavia St. as its corporate headquarters and the warehouse and distribution of packaging supply products.

Situated on roughly 10.7 acres of land, the property is located in the North Orange County submarket. The building includes nearly 36,000 square feet of Class A office space, as well as approximately 210,000 square feet of state-of the-art warehouse/distribution space.

Brian Bennett of Cresa Partners represented Frick Family Properties in the transaction.

Over the past 12 months, Read and Osborne have been involved in several of the largest industrial transactions in Orange County, totaling roughly 810,000 square feet with a total consideration value of approximately $60 million.

 These transactions include the $16.9 million sale of a corporate headquarters/distribution building in Buena Park and the $12.3 million sale of a 15-acre manufacturing site in Fullerton.

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