Grubb & Ellis Company Names Glen Esnard President, Capital Markets
June 11 2008 - 8:23AM
PR Newswire (US)
Newly Created Position Strengthens Investment Brokerage
Capabilities; Leverages Company's Expanded Platform SANTA ANA,
Calif., June 11 /PRNewswire-FirstCall/ -- Grubb & Ellis Company
(NYSE:GBE), a leading real estate services and investment firm,
today announced that Glen Esnard, former President of Brokerage
Services at Colliers International, has been named President,
Capital Markets. The newly created position leverages Esnard's
nearly 30 years of commercial real estate experience, extensive
knowledge of investment sales and the alternative real estate
investment market to capitalize on Grubb & Ellis' unique
ability to provide clients a full array of real estate services and
investment products. "Strengthening our capital markets
capabilities and maximizing the synergies between our real estate
services and investment businesses to better serve our clients are
both key priorities as we build the new Grubb & Ellis," said
Scott D. Peters, Chief Executive Officer of Grubb & Ellis
Company. "Glen will be a strong addition to our management team."
Esnard joins Grubb & Ellis effective June 23 and will be based
in the Company's Santa Ana headquarters. He will be responsible for
directing Grubb & Ellis' investment brokerage business, which
includes its Institutional Investment Group and Private Capital
Investment Group. "Grubb & Ellis' recent merger with NNN Realty
Advisors created a unique organization -- one that can offer its
clients expertise related to both real estate services and direct
investments in real estate," Esnard said. "The combination has
created a significant differentiator and sets the stage for
considerable growth." Most recently, Esnard was President,
Brokerage Services at Colliers International, where he led the
firm's U.S. brokerage operations, which included 24 offices and
more than 450 brokers, from 2006 to January 2008. Previously, he
was a Partner at FORT Properties, Inc., and one of five principals
responsible for the development of the tenant-in-common firm.
Earlier in his career, Esnard spent 23 years at CB Richard Ellis in
a variety of brokerage and leaderships roles. In addition to
launching the firm's Private Client Group, Esnard was Senior
Managing Director, Investment Properties, with responsibility for
CB Richard Ellis' investment business in the Western United States.
He also created a number of specialized practices, including the
firm's net-lease practice, held line management positions in
Arizona, Northern California and Los Angeles and was a nationally
recognized broker in the firm for a number of years. Esnard began
his brokerage career in 1980 with Grubb & Ellis. Esnard holds a
bachelor's degree from the University of Southern California. He is
a member of the National Association of Industrial and Office
Properties and the Executive Committee of the University of
Southern California Lusk Center. 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 Company CONTACT: Janice McDill of
Grubb & Ellis Company, +1-312-698-6707, Web site:
http://www.grubb-ellis.com/ Company News On-Call:
http://www.prnewswire.com/comp/136726.html
Copyright
Grubb & Ellis Company Common Stock (NYSE:GBE)
Historical Stock Chart
From Sep 2024 to Oct 2024
Grubb & Ellis Company Common Stock (NYSE:GBE)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Grubb & Ellis Company Common Stock (New York Stock Exchange): 0 recent articles
More Grubb & Ellis News Articles