SANTA ANA, Calif., Oct. 7 /PRNewswire-FirstCall/ -- Grubb & Ellis
Company (NYSE: GBE), a leading real estate services and investment firm,
today announced that Ingersoll-Rand Company Limited (NYSE: IR) has selected
the Company as its global real estate services provider. Ingersoll Rand
conducted a competitive review process before selecting Grubb & Ellis as
its partner.
"Over the past three years, Grubb & Ellis has been an important partner
as we've managed our real estate portfolio to meet the changing needs of
our business," said Mike Dawson, Director Enterprise Real Estate. "We
believe that Grubb & Ellis' extensive experience and knowledge of our
business goals will help us manage what is a significantly larger real
estate portfolio following our acquisition of Trane in the second quarter
of 2008."
As part of the expanded relationship, Grubb & Ellis will provide lease
administration, strategic consulting and transaction management for more
than 1,000 properties totaling 46 million square feet of industrial,
manufacturing and office sites located throughout North & South America,
Europe, Middle East and Asia Pacific. The agreement extends Grubb & Ellis'
relationship with Ingersoll Rand through 2013.
Dylan Taylor, President of Grubb & Ellis' Global Client Services Group,
said, "We are very pleased to have been recognized by Ingersoll Rand as the
leader in providing integrated corporate real estate services on a global
scale. We look forward to helping them maximize the value of what is a
significantly larger real estate portfolio post their merger with Trane."
The relationship is being led a Grubb & Ellis team that includes David
Susoreny, Managing Director, Noah Shlaes, Managing Director, Strategic
Consulting Group and Elizabeth Patrus, Lease Administrator.
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 June 30, 2008, more than $3.6 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
 back to top
Related links:
http://www.grubb-ellis.com
http://www.prnewswire.com/comp/136726.html /
CONTACT:
Janice McDill of Grubb & Ellis Company,
+1-312-698-6707, janice.mcdill@grubb-ellis.com
|
