Grubb & Ellis Represents Wells Fargo Trust in Sale of Former Wickes Furniture Store in Victorville, CA for $4.2M

RIVERSIDE, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Ted Bradach, senior associate, Investment Group, represented Wells Fargo Trust in the sale of a former Wickes Furniture store to Ashley Furniture Industries Inc.

The asset, located at 12704 Amagosa Road in Victorville, sold for $4.2 million. .

The free-standing retail building offers 39,200 square feet of space and is located on approximately two acres of land.

Ashley Furniture, represented in the transaction by Aaron Hodgdon of The Hodgdon Group, is expected to open a store in November.

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


 Robert Black Joins  Edison, NJ Office as Vice President

EDISON, N.J. – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that Robert F. Black, CCIM, has joined the company’s Edison, N.J., office as vice president, Office Group.

“Rob’s experience both as an office leasing expert as well as a business owner make him a valuable asset to our Office Group,” said Eric Stone, executive vice president and managing director of Grubb & Ellis’ Central and Northern New Jersey offices.

Black is a 35-year industry veteran with experience in office leasing and owner representation. Prior to joining Grubb & Ellis, he was principal and chief operating officer of Black & Company, a commercial real estate brokerage firm he founded in 1996.

Previously, Black was a vice president with CB Richard Ellis from 1981 to 1996, where he was recognized as the company’s top producer in the Central New Jersey office in 1989 and 1991.
Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com

Grubb & Ellis Promotes Lisa Kochan in New Jersey: Hires Charles Davidson in Philadelphia

 Kochan Will Oversee Central and Northern NJ Locations 

FAIRFIELD, NJ– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Lisa Kochan (top right photo) has been promoted to assistant vice president, Grubb & Ellis Management Services Inc., a wholly-owned subsidiary of Grubb & Ellis Company.

In this role, she will oversee the day-to-day operations of the company’s central and northern New Jersey locations, which include offices in Fairfield and Edison.

Kochan joined Grubb & Ellis in 2001 as a property manager responsible for the day-to-day management of properties for TIAA-CREF, MetLife and Guggenheim Real Estate. She was promoted to portfolio manager in 2007, assuming responsibility for overseeing the financial and operational performance of the company’s northern and central New Jersey portfolio totaling approximately 8.5 million square feet.

“Lisa has shown tremendous dedication to our team, our clients and the community at large,” said Eric Stone, executive vice president and managing director of Grubb & Ellis’ Northern and Central New Jersey offices. “The level of support she’s capable of providing to our professionals translates directly into unmatched client service, while her charitable efforts enhance our ability to be the best corporate citizens we can be.”

Charles Davidson is New Senior VP in Downtown Philadelphia Office
PHILADELPHIA (Sept. 14, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Charles Davidson has joined the company’s downtown Philadelphia office as senior vice president, specializing in office tenant representation.

“We are truly excited about the addition of Charlie to our Center City team,” said Bob Clements, executive vice president and market leader for Grubb & Ellis’ Philadelphia tri-state area. “His experience in every facet of commercial real estate will add to an already-strong downtown office.”

Davidson is a 19-year industry veteran with experience in investment management, asset management and office leasing. Since 2007, Davidson was a senior vice president with BPG Properties, Ltd., where he directed redevelopment, leasing and management activities as head of the firm’s Washington D.C. office.

Previously, as director of asset management for BPG, Davidson oversaw a number of corporate activities, including the development of best practices, information technology, risk management and real estate tax appeals. He began his career in real estate in 1990 with Aegis Realty Consultants, which was acquired by BPG in 1998.

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

Grubb & Ellis Promotes Eric Stone to Executive VP, Managing Director, New Jersey

SANTA ANA, CA (Sept.3, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Eric Stone has been promoted to executive vice president, managing director.

In this role, he will oversee the company’s Northern and Central New Jersey operations, which includes offices in Fairfield and Edison and a regional management portfolio totaling in excess of 8 million square feet of property.

Stone joined Grubb & Ellis in 2005 as vice president and director of Management Services. During his tenure, he has overseen the expansion of the company’s relationships with a host of clients, including TIAA-CREF, Guggenheim, Sterling Equities, Principal Global, PM Realty, Invesco, Schering Plough, LexisNexis and Verizon Wireless. Since 2005, New Jersey-managed assets have won three BOMA-TOBY awards, and several have received Energy Star designations.

“This promotion recognizes Eric’s leadership skills and his ability to team with each client to deliver solutions that meet their unique needs,” said Jack Van Berkel, (top right photo) president of Grubb & Ellis’ Real Estate Services operations. “I’m confident that with Eric as our New Jersey market leader, our clients will be well-served and Grubb & Ellis will continue to grow.”

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