SANTA ANA, Calif., Oct. 20 /PRNewswire-FirstCall/ -- Grubb & Ellis
Company (NYSE: GBE), a leading real estate services and investment firm,
today announced that Kraft Foods Global, Inc., has selected the company as
its facilities services provider for Kraft's headquarters in Northfield,
Ill., and all of the food maker's office and R&D sites across North
America. Grubb & Ellis will provide a full range of facilities management
services.
The assignment covers 41 locations throughout the U.S. and Canada
totaling more than 4 million square feet of property and builds on Grubb &
Ellis' long-standing Transaction Services relationship with Kraft.
"We were seeking a partner that would leverage technology and
best-in-class real estate processes to manage our facilities," said Bruce
Windedahl, Senior Director Facilities & Real Estate for Kraft Foods.
"Following an extensive review process, we selected Grubb & Ellis based on
its commitment to customer service and reputation for providing exceptional
facilities management services to some of the largest companies in the
world."
Dylan Taylor, president of Global Client Services said, "We are honored
that Kraft has chosen us as the best partner for this initiative. This is
one of the most significant facilities management contracts awarded to a
commercial real estate services provider in several years. We look forward
to working with Kraft to implement best-in-class and cost-effective
facilities processes."
The relationship is being led by Jim Walter of Grubb & Ellis' National
Accounts Team.
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
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Related links:
http://www.grubb-ellis.com
CONTACT:
Janice McDill of Grubb & Ellis Company,
+1-312-698-6707, janice.mcdill@grubb-ellis.com
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