Jones is Company's Sixth Key Management Hire Since April
SANTA ANA, Calif., July 22 /PRNewswire-FirstCall/ -- Grubb & Ellis
Company (NYSE: GBE), a leading real estate services and investment firm,
today announced that James Jones will join the Company effective July 28 as
Executive Vice President Operations. He joins Grubb & Ellis from CB Richard
Ellis where he held a similar role.
"I couldn't be more pleased that Jim will be joining Grubb & Ellis,"
said Jack Van Berkel, Executive Vice President and Chief Operating Officer.
"He brings a wealth of management and operations expertise to this new
position, and I'm confident he will play a key role in our efforts to
better structure Grubb & Ellis for operating efficiency and client
service."
In his new role, Jones will be responsible for the Company's merger
integration efforts, Operations, Research and the Grubb & Ellis Affiliate
Program.
Jones brings more than 15 years of professional experience to Grubb &
Ellis. As Executive Vice President Operations at CB Richard Ellis, he was
responsible for strategic planning, operations and financial management,
process enhancement and facilities. He served as integration leader for the
company's merger with Trammell Crow, interim director of Human Resources
and led the company's efforts to simplify and optimize office sales
leadership and operations processes.
Prior to joining CB Richard Ellis in 2004, Jones spent a total of nine
years at Gateway Corporation and Western Digital Corporation in a number of
operations and marketing roles.
He holds an M.B.A. from UCLA and a bachelor's degree from University of
Redlands.
Over the past several months, Grubb & Ellis has significantly
strengthened its management team. In addition to Jones, the Company
recently hired:
-- Greg Coxon, a 25-year commercial real estate veteran who spent 20
years at CB Richard Ellis in a variety of management roles as President,
Transaction Services - Western Region;
-- Glen Esnard, formerly President, Brokerage Services at Colliers
International and a 30-year industry veteran with considerable brokerage
and alternative real estate investment product experience, as President,
Capital Markets;
-- Brett Hunsaker, one of the industry's most recognized business
development professionals as Executive Vice President, Business
Development;
-- Moody Younger as Executive Vice President, Managing Director, Texas;
and
-- Chuck Hunt as Executive Managing Director, responsible for the
Company's Los Angeles County offices.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most
respected commercial real estate services and investment companies. With
more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers
property owners, corporate occupants and investors comprehensive integrated
real estate solutions, including transaction, management, consulting and
investment advisory services supported by proprietary market research and
extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate
investment programs that provide individuals and institutions the
opportunity to invest in a broad range of real estate investment vehicles,
including tax-deferred 1031 tenant-in-common (TIC) exchanges; public
non-traded real estate investment trusts (REITs) and real estate investment
funds. As of March 31, 2008, more than $3.4 billion in investor equity has
been raised for these investment programs. The company and its subsidiaries
currently manage a growing portfolio of more than 218 million square feet
of real estate. In 2007, Grubb & Ellis was selected from among 15,000
vendors as Microsoft Corporation's Vendor of the Year. For more information
regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com.
SOURCE Grubb & Ellis Company
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CONTACT:
Janice McDill of Grubb & Ellis Company,
+1-312-698-6707, janice.mcdill@grubb-ellis.com
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