Grubb & Ellis Company Expands Corporate Finance Capability With Addition of Jeffrey...

Grubb & Ellis Company Expands Corporate Finance Capability With Addition of
Jeffrey W. Shell

Team Will Expand Company's Ability to Serve Clients' Financing and Investment
Sales Needs

SANTA ANA, Calif., May 27 /PRNewswire-FirstCall/ -- Grubb & Ellis Company
(NYSE: GBE), a leading real estate services and investment firm, today
announced that Jeffrey W. Shell, one of the industry's top corporate finance
real estate professionals, has joined the company as executive vice president,
effective immediately. His expertise in serving the financing and investment
sales needs of owners and corporate users of single-tenant assets will allow
Grubb & Ellis to better serve the real estate and capital needs of its
corporate, institutional and developer clients.

Shell joins Grubb & Ellis from Cushman & Wakefield, where he was executive
director, Investment Banking division, head of the company's Build-to-Suit
Advisory Services global practice and a member of its Global Supply Chain
Solutions group. Joining Shell at Grubb & Ellis are John S. Ecclestone and
Amie D. Sweeney, CPA.

At Grubb & Ellis, Shell will head the company's Corporate Finance practice.
In this capacity, he will report to Dylan Taylor, president, Global Client
Services. In addition, he will be a part of the leadership teams of the
Corporate Services and Institutional Capital Markets groups, enabling him to
leverage his expertise to serve a broad range of clients across the nation.
Shell and his team will operate from its existing location in Grosse Pointe,
Mich.

"The addition of Jeff and his team significantly bolsters our capital markets
platform, and at the same time, allows us to deliver differentiated,
highly-specialized corporate finance capabilities to our clients," said Jack
Van Berkel, executive vice president, president Real Estate Services. "The
fact that Jeff has chosen the Grubb & Ellis platform as the best place to
operate and grow his already successful national practice validates our
go-to-market strategy and the momentum we have in the marketplace."

Shell, 48, joined Cushman & Wakefield in 1993. Since 2000, he and his team
have closed transactions across North America valued in excess of $4 billion
involving synthetic leases, bond leases, single-tenant investment sales
(sale/leasebacks and sales subject to a lease) and numerous other structured
equity and debt products on behalf of numerous corporate clients, including
Procter & Gamble, Thomson Corporation, Mazda, and Discovery Communications.

Additionally, he has represented the nation's top developers and institutional
owners in the investment sale or finance of single-tenant buildings leased to
a diverse range of tenants, including General Electric, Bosch-Siemens, Aon
Corporation, MetLife, ADP, HSBC and Walgreens.

"We represent a diverse group of clients with very specific needs. As
corporations increasingly look for unique ways to monetize their owned real
estate assets, it's our job to ensure that they have as many resources as
possible to achieve their goals. For developers and owners, our ability to
identify, structure and execute capital solutions for planned or existing
assets is vital in today's capital markets," Shell said. "Grubb & Ellis'
business model is based on a service philosophy that cuts across geographic
and business lines to put all of its capabilities to work for clients. It is
this client-centric approach that attracted us to the company."

Shell holds a bachelor's degree from Michigan State University. He is a
member of the Council of Supply Chain Management Professionals and has been
involved with the Urban Land Institute and CoreNet Global. He is a frequent
speaker at various industry forums on the topic of build-to-suit financing,
single-tenant, net-lease investment sales and structured finance for real
estate.

Ecclestone, 38, joins Grubb & Ellis as Vice President. He spent more than
four years as an associate director, Investment Banking, at Cushman &
Wakefield, where he was a part of Shell's team. Prior to joining Cushman &
Wakefield, Ecclestone spent 12 years at Ford Land, the real estate arm of Ford
Motor Company. He holds a bachelor's degree from Boston College and is a
member of the Urban Land Institute.

Sweeney, 45, joins Grubb & Ellis as Senior Financial Analyst, with more than
20 years of accounting experience, including two years with Cushman &
Wakefield's Investment Banking division. As a member of Shell's team, she is
responsible for the preparation and analysis of a wide variety of financial
models associated with the sale and financing of single-tenant assets.
Sweeney earned her bachelor's degree from Ohio State University and is a
certified public accountant. She is a member of the American Institute of
Certified Public Accountants and the Michigan Association of Certified Public
Accountants.

About Grubb & Ellis
Named to The Global Outsourcing 100(TM) in 2009 by the International
Association of Outsourcing Professionals(TM), Grubb & Ellis Company (NYSE:
GBE) is one of the largest and most respected commercial real estate services
and investment companies in the world. Our 6,000 professionals in more than
130 company-owned and affiliate offices draw from a unique platform of real
estate services, practice groups and investment products to deliver
comprehensive, integrated solutions to real estate owners, tenants and
investors. The firm's transaction, management, consulting and investment
services are supported by highly regarded proprietary market research and
extensive local expertise. Through Grubb & Ellis Realty Investors, the company
is a leading sponsor of real estate investment programs that provide
individuals and institutions the opportunity to invest in a broad range of
real estate investment vehicles, including public non-traded real estate
investment trusts (REITs), tenant-in-common (TIC) investments suitable for
tax-deferred 1031 exchanges and other real estate investment funds. For more
information, visit www.grubb-ellis.com.

SOURCE Grubb & Ellis Company

Janice McDill of Grubb & Ellis, +1-312-698-6707,
janice.mcdill@grubb-ellis.com