Mark Chrisman Joins Firm to Lead Day-to-Day Acquisition Activities NORTHBROOK, Ill., March 6 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (OTC:GBEL) today said the March 3 closing of the initial public offering of Grubb & Ellis Realty Advisors launches the next phase of the Company's plan to enter the investment management business, a key strategic component of its overall growth strategy. "Strategically, Grubb & Ellis Realty Advisors adds yet another dimension to our full-service capabilities," said Mark Rose, Chief Executive Officer of both Grubb & Ellis Company and Grubb & Ellis Realty Advisors, Inc. Rose also said that Mark Chrisman has joined the Company as Executive Vice President, Capital Transactions, and will have day-to-day responsibility for executing the acquisition strategy on behalf of Grubb & Ellis Realty Advisors, Inc. (AMEX:GAV). Grubb & Ellis Realty Advisors is a blank check company recently formed by Grubb & Ellis Company for the purpose of acquiring, through a purchase, asset acquisition or other business combination, commercial real estate properties or assets. Prior to joining Grubb & Ellis, Chrisman, 34, was a Principal at Sterling Education Properties, where he played a key role in the identification and execution of investment opportunities and the development and formation of joint ventures to realize Sterling's investment objectives. From 1997 to 2005, he was Vice President of Capital Transactions at Trizec Properties, Inc., the second largest publicly traded U.S. office REIT. In this role, he was responsible for the identification and acquisition of new office properties as well as the disposition of existing portfolio properties within major markets such as Atlanta, Boston, Dallas and Houston as well as several other secondary markets. During his tenure, he developed and executed the strategic repositioning of the company's portfolio and closed transactions with a value of more than $1.3 billion. Chrisman is a member of the Real Estate Investment Advisory Council and the Auxiliary Board of the Shedd Aquarium in Chicago. He holds a bachelor's degree from The Ohio State University and an MBA from The University of Chicago Graduate School of Business. Grubb & Ellis Company Grubb & Ellis Company is one of the world's leading full-service commercial real estate organizations, providing a complete range of transaction, management and consulting services. By leveraging local expertise with our global reach, Grubb & Ellis offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout the globe. For more information, visit the Company's Web site at http://www.grubb-ellis.com/. DATASOURCE: Grubb & Ellis Company CONTACT: Janice McDill of Grubb & Ellis Company, +1-847-753-7678, or Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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