Grubb & Ellis Expands Service Offerings with Addition of Brad Reese as Managing Director, Corporate Real Estate Finance

CHICAGO, Nov. 9 /PRNewswire-FirstCall/ -- Grubb & Ellis Company , one of the nation's leading providers of integrated real estate services, today announced that as part of its strategic initiative to better serve its corporate clients it has named Brad Reese, Managing Director, Corporate Real Estate Finance, effective immediately. Based in the Company's Atlanta office, Reese brings 24 years of experience in corporate real estate financing, allowing Grubb & Ellis to offer comprehensive real estate financing solutions to its clients throughout the country.

"Our goal is to provide our corporate clients with integrated real estate solutions that allow them to achieve their overall business, financial and operational objectives," said Steve Stoner, President, Corporate Services Group. "Brad allows us to provide our clients with a unique dimension of real estate, corporate finance and capital markets expertise. We couldn't be more pleased that he has agreed to take on this national position and that our clients can look to Grubb & Ellis for all of their corporate finance needs."

Under Reese's leadership, Grubb & Ellis will provide comprehensive financing services, including sale-leasebacks and build-to-suit financing as well as a wide range of financing structures. Corporate clients will also benefit from Reese's established relationships with a variety of funding sources, including pension funds, insurance companies, foreign and domestic banks, private investors and real estate investment trusts.

Prior to joining Grubb & Ellis, Reese owned the Atlanta-based consulting firm, Real Capital Advisors. Earlier, he spent 23 years with Carter & Associates. During his tenure at Carter & Associates, he was named Partner in 1997 and was in charge of the Company's capital markets practice.

During his career, Reese has structured and arranged more than $1 billion in real estate financing transactions for some of America's leading companies, including BellSouth, Progress Energy, AT&T, Price WaterhouseCoopers, and SunTrust.

"Brad is one of the best known and most respected corporate real estate finance professionals in the country," said Steve Dils, Executive Vice President, Managing Director of the Company's Atlanta office. "I've been fortunate to have had the opportunity to work with Brad in Atlanta in the recent past, and I couldn't be more pleased that he has assumed this national position in our company. As we look to expand our corporate relationships in Atlanta, Brad will be an important element in that equation."

Since Dils assumed leadership of Grubb & Ellis' Atlanta office in January 2005, the Company has significantly expanded its presence in this important market. Over the past, 20 months the Atlanta office has added 11 brokers, including Mike Warren from Carter & Associates, Buddy Hill and Allen Brown from Advantis and Kay Davis from Newmark. In addition, corporate real estate veteran Char Fortune joined the Corporate Services Group in April 2006. The office has also been instrumental in winning several key national business relationships.

Reese holds a bachelor's degree from Georgia State University. He is a CPA and a member of the National Association of Industrial and Office Properties' Capital Markets Forum and Industry Trends Task Force. He is also a member of the International Council of Shopping Centers.

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/ .