Grubb & Ellis Tapped for Disposition of Fully Leased Airport Logistics Center in Indianapolis

ROSEMONT, IL– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  has been selected to market 6450 W. Hanna Ave. in Indianapolis, a 220,835-square-foot logistics center located adjacent to Indianapolis International Airport (top left photo).

Erik Foster, CCIM, senior vice president, and Mike Wilson, associate vice president, both of the Institutional Capital Markets group, are marketing the property on an exclusive basis along with Grubb & Ellis’ local affiliate in Indianapolis, Grubb & Ellis Harding Dahm & Company.

 The facility is leased on a long-term basis to Regal-Beloit, which utilizes the facility as its North American logistics center.

“With a multi-billion-dollar credit tenant fully occupying the building on a long-term basis, this is a tremendous opportunity for investors,” said Foster.

 “We’ve experienced strong buyer response for similar well-leased core assets, particularly given market conditions.”

The facility is an institutional-quality asset that offers convenient access to I-465/1-74, I-70 and the Indianapolis Airport.

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

Daniel J. Mercer joins Grubb & Ellis  as senior vice president in Phoenix, AZ

PHOENIX (Aug. 12, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Daniel J. Mercer (bottom right photo)  has joined the company’s Financial Services Asset Management group as senior vice president, effective immediately.

With 37 years of experience, Mercer will oversee the company’s distressed asset services in the Phoenix region, including business development and account management. He will also serve as a court-appointed receiver.

“Dan is an exceptional talent with a vast array of experience in the banking and mortgage brokerage industries,” said Pete Bolton, (bottom left photo)  executive vice president and managing director of Grubb & Ellis’ Phoenix office. “He is the absolute perfect fit for the position and I am very pleased he has joined the company and our rapidly expanding office.”

Mercer joins Grubb & Ellis from Mercer Financial Group Ltd., a mortgage banking company he founded in 1985. Concurrently, he was a senior partner and founding member of Title Management Agency of Arizona LLC from 2003 until joining Grubb & Ellis.

Prior to Title Management Agency of Arizona, Mercer spent four years with AMI Capital Inc., where he established the company’s southwest regional mortgage banking office, serving as the managing director.

 During his career, he also held senior positions with CB Richard Ellis, Finova Realty Capital, Wells Fargo Bank, National Bank of Arizona and Sun State Savings and Loan Association. He began his career with First Federal Savings and Loan Association in 1973.

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