Monday, August 23, 2010

Tim D’Angelo Rejoins Grubb & Ellis Company as Senior Vice President, Industrial Group

DENVER, CO (Aug. 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that 30-year commercial real estate veteran Tim D’Angelo (top right photo)  has rejoined the company as senior vice president, Industrial Group.

“With his extensive leadership experience and the excellent reputation he has earned as a brokerage professional in our market, Tim is a tremendous addition to our team,” said Mark Ballenger, (lower right photo)  executive vice president and managing director of Grubb & Ellis’ Denver office.

 “I couldn’t be more pleased that things have come full-circle and he is back at Grubb & Ellis.”

D’Angelo joins from Ringsby Realty, where he was director of Industrial Properties serving the needs of industrial users and owners throughout Denver and nationally since 2009.

Over the course of his career, D’Angelo has completed transactions valued in excess of $750 million on behalf of clients including First Industrial Realty Trust, Union Pacific Railroad, Majestic Realty and Nobel Sysco Food.

Previously, he was president and founder of TD Industrial for four years after serving as senior vice president with Fuller and Company, which he joined in 1997.

Contact:

Julia McCartney, 714.975.2230, Email: julia.mccartney@grubb-ellis.com
Erin Mays, 312.698.6735, erin.mays@grubb-ellis.com



Grubb & Ellis Tapped as Leasing Agent for 750,000-SF Troy Place in Troy, MI

SOUTHFIELD, MI (Aug. 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected by Troy Place Associates to be co-leasing agents with Nemer Property Group, Inc., at Troy Place (middle right photo), a five-building, 750,000-square-foot Class A office campus at the corner of West Big Beaver Road and Coolidge Highway in Troy.

Daniel Canvasser, (middle  left photo)  CCIM, senior associate, Ray Husband, senior vice president, Bob Badgero, senior vice president, and Steven Badgero, associate, all in the company’s Office Group, will join with Larry Nemer and Milford Nemer of Nemer Property Group, Inc., to handle the leasing for the property.

“These properties offer award-winning architecture and first-class amenities, including retail, cafés, business services and onsite property management, as well as convenient access to the Somerset Collection,” said Canvasser. “The complex is the destination for corporate users looking for prime Class A office space in Troy’s ‘Golden Corridor.’”

Located at 3001, 3155, 3221 and 3331 W. Big Beaver Road and 2855 Coolidge Highway, Troy Place offers two cafeterias with space available for private meetings, a bank, sundries shop, jeweler, hair salon and two executive parking garages.

Ocean Prime restaurant, one of Cameron Mitchell’s famed supper clubs, is located on the northeast corner of the site, with the Somerset Collection just to the east.

Extensive renovations of the lobbies and entryways are underway. Currently, Troy Place has available spaces ranging from 500 square feet to 80,000 square feet. In addition, prominent building signage is available for tenants leasing at least 30,000 square feet.

For more information, contact Canvasser at 248.350.8141 or daniel.canvasser@grubb-ellis.com.

Grubb & Ellis  Adds Religious and Non-Profit Facilities Services to San Diego Office

SAN DIEGO, CA (Aug. 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that L. Thomas Morgan (middle left photo) , CCIM, and Gary Friesen (middle right photo)  have joined the company as senior vice president and associate, respectively.

As part of the Retail Group, the team will specialize in assisting churches and non-profit organizations with their real estate needs.

“Tom and Gary are an effective team who successfully combine their commercial real estate expertise with extensive experience in church and non-profit organizations to deliver clients thorough and effective solutions,” said Jim Munson, executive vice president and managing director of Grubb & Ellis’ San Diego office.

“Their specialty enables us to expand the services we offer clients and I couldn’t be more thrilled to have them on board.”

The team joins from American Church Brokers, formed by Morgan, a 35-year industry veteran. Prior to forming American Church Brokers in 2009, Morgan spent five years as a senior vice president of Church Brokers, a part of Diversified Realty Advisors that ceased operations in 2009.

“There are many religious denominations that operate on a national basis. By joining Grubb & Ellis, Gary and I are no longer limited to certain market areas; we can better serve our clients with the advantage of a national, multi-service platform,” Morgan said.

Friesen began his career in commercial real estate in 2008, at Church Brokers.

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


Grubb & Ellis  Selected to Lease One Million SF of Retail Space at Foothill Ranch Towne Centre in Foothill Ranch, CA

NEWPORT BEACH, CA (Aug. 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Pacific Development Group has selected the company to lease approximately one million square feet of retail space at Foothill Ranch Towne Centre (lower left photo) , a four-property retail center in Foothill Ranch.

Eric Lambiase and Walter Pagel, senior vice presidents, as well as Tom Carpenter, associate, of the company’s Retail Group, are marketing the center on behalf of Pacific Development Group.

“Foothill Ranch Towne Centre is excellently located in a high-traffic area,” said Lambiase. “The center offers retailers the opportunity to lease space in a popular destination.”

Foothill Ranch Towne Centre is located at the southwest intersection of Bake and Portola parkways and is within close proximity to Highway 241, largely serving communities between Rancho Santa Margarita and Yorba Linda.

Major tenants include Target, Old Navy, Ralphs, In-N-Out, Michael’s, Regal Cinemas, Staples, CVS, Jo-Ann and Chuck E. Cheese. Currently available space ranges in size from 900 to 3,600 square feet.

For more information, call 949.608.2000, or email Lambiase at Eric.Lambiase@grubb-ellis.com, Pagel at Walter.Pagel@grubb-ellis.com, or Carpenter at Tom.Carpenter@grubb-ellis.com.

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