Grubb & Ellis Names David Burback Managing Director of Anaheim and Ontario Offices in California

SANTA ANA, Calif. (Feb. 4, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that David Burback (top right photo)  has been named managing director of the company’s Anaheim and Ontario offices, effective immediately.

 In his new role, Burback will have responsibility for managing and growing Grubb & Ellis’ presence throughout Northern Orange County and the Inland Empire.

“Dave’s extensive experience in the industrial real estate sector and many client relationships throughout the local markets make him extremely qualified for this position,” said Jack Van Berkel (bottom left photo) , the company’s chief operating officer and president, Real Estate Services.

“Grubb & Ellis has a long history of success throughout the region, and we are focused on growing our presence to better serve the needs of our clients.”

Burback joined Grubb & Ellis in 2005 as managing director of the company’s South Bay office in Los Angeles. He most recently served as head of the company’s national Industrial Group. He has served as the acting managing director of the Anaheim office for the past six months.

“I am very excited about this new opportunity, and I’m especially looking forward to working with our professionals and our clients. We are committed to making Grubb & Ellis the real estate services provider by exceeding our clients’ expectations,” said Burback.

Prior to joining Grubb & Ellis, Burback was a principal at Northwest Realty Advisors for six years where he specialized in commercial investment services. He also spent four years as the senior vice president and general manager of Colliers International’s Portland office, a positioned he began in 1995.

Earlier, he spent 14 years with CB Richard Ellis in various management positions, including senior vice president and managing director of the firm’s Inland Empire office.

Burback holds a bachelor’s degree from the University of Southern California. He is a member of NAIOP and CoreNet Global.

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

Grubb & Ellis Represents 6545 Caballero Blvd. LLC in $16.9M Sale of 167,217-Square-Foot Industrial Building in Buena Park, CA

ANAHEIM, CA, Jan. 14, 2010 – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Jeff Read, executive vice president, and Greg Osborne, vice president, represented 6545 Caballero Blvd LLC in the sale of 6545 Caballero Blvd., a 167,217-square-foot industrial property in Buena Park.

BP Westport Properties LLC purchased the property for $16.9 million. The buyer assumed the existing debt on the property and paid cash for the balance of the purchase price.

In executing this sale, the most challenging aspect for the Grubb & Ellis team involved assisting Buyer and Seller in working through the loan assumption process, Read said. “The buyer and seller did an excellent job satisfying the stringent requirements involved with assuming CMBS financing in order to close this sale.”

Built in 2003, 6545 Caballero Blvd. is a freestanding industrial building located in the Commerce Centre at Buena Park near the intersection of the Artesia/Riverside (91) Freeway and Interstate 5.

 Situated on approximately 7.1 acres of land, the property includes 30-foot warehouse clearance, dock-high and ground level loading and ESFR sprinklers, as well as a 20,000-square-foot two-story office area. While the property was 100 percent leased at the time of sale, the buyer anticipates taking occupancy of the property in summer 2010.

Jay Jasaitis of LAREM, in conjunction with Jan Middelburg, an independent broker, represented BP Westport Properties in the transaction.

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