GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., May 8 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, today announced that Greg Coxon has been named President, Transaction Services -- Western Region, a newly created position that expands the Company's management team and reinforces its commitment to strengthen its brokerage platform. Based in Phoenix, Coxon will be responsible for overseeing the Company's offices west of the Mississippi. In addition, he will play an integral role as part of the Transaction Services management team, and in executing Grubb & Ellis' strategy to expand its brokerage footprint and the integrated services it provides its clients. "Greg has a long and successful track record in the brokerage industry. His appointment as President of our Western Region significantly strengthens our management team and reinforces our commitment to expanding our Transaction Services platform," said Scott D. Peters, Chief Executive Officer of Grubb & Ellis Company. Coxon joins Grubb & Ellis from CB Richard Ellis, where he was Senior Managing Director in the company's Arizona region. He began his brokerage career at Grubb & Ellis in 1980 and has considerable experience in the leasing, disposition and acquisition of properties, property management and real estate tax equity assurance. During his 20-year career at CB Richard Ellis, Coxon held a number of managerial positions that included responsibility for various operations throughout in the Western United States. He has also held national leadership positions within CB Richard Ellis' Hospitality and Land Services groups. "It's exciting to be returning to the place where I began my brokerage career," Coxon said. "Grubb & Ellis has the opportunity to connect its commercial real estate services business with its new investment programs. The merger of NNN Realty Advisors and Grubb & Ellis provides a compelling platform for private equity investors, who make up 60 percent of the commercial real estate investment market." He added, "Grubb & Ellis has the potential to develop a broader footprint and provide its clients with a deeper service offering. I'm looking forward to being a part of the new Grubb & Ellis and contributing to the Company's long-term growth." Coxon holds a bachelor's degree from the University of Arizona. He is a member of the International Council of Shopping Centers and the National Association of Industrial and Office Properties. In addition, Coxon is a board member of the Greater Phoenix Economic Council and heads the Council's Community Building Consortium committee. 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/. DATASOURCE: Grubb & Ellis CONTACT: Janice McDill of Grubb & Ellis, +1-312-698-6707, Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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