Grubb & Ellis Company Announces Recent Transactions

  

ROSEMONT, IL. (Dec. 8, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced its Rosemont office recently completed the following transactions:

Sales

Barrymore LLC purchased a 105,400-square-foot industrial building at 2600 Washington Blvd., in Bellwood from DeNovo Rockford/Bellwood LLC.  Ryan Kehoe, Peter Block and Anne Arnold of Grubb & Ellis represented the seller.

Permatron Corporation purchased a 35,000-square-foot industrial building at 2020 Touhy Ave., in Elk Grove from the Hessler Family.  Brian Carroll and Sam Durkin of Grubb & Ellis represented the buyer. 

Leases

APA 73 Inc., leased 70,000 square feet of industrial space at 1106 Ellis St., in Bensenville from Mobile Equipment Warehousing Co.  Brian Carroll and Matthew Mulvihill of Grubb & Ellis facilitated the transaction on behalf of both parties. 

Doumak Inc., leased 50,000 square feet of industrial space at 1815 Landmeier Road in Elk Grove Village from ProLogis Trust.  Sam Durkin of Grubb & Ellis represented the lessee.

WEG Electric leased 49,500 square feet of industrial space at 2325 North Ave., in Melrose Park from TIAA-CREF.  Brian Carroll of Grubb & Ellis represented the lessee; Carroll, Ryan Kehoe and Matt Mulvihill of Grubb & Ellis represented the lessor.

Atlas SN Transportation leased 26,000 square feet of industrial space at 1901 Pratt Blvd., in Elk Grove from Hollander Holdings.  Brian Carroll and Sam Durkin of Grubb & Ellis facilitated the transaction on behalf of both parties.

K2 Express expanded its lease with KTR Capital Partners at 10801 Belmont in Franklin Park by 25,000 square feet to occupy a total of 66,000 square feet.  Brian Carroll of Grubb & Ellis represented the lessee.

Contact:  Erin Mays                                            

Phone:  312.698.6735                                       

Email: erin.mays@grubb-ellis.com