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Since its start in 1958, Grubb & Ellis established itself as an innovative, growth-oriented
company with a penchant for providing clients best-in-class client service. Throughout
the 1960s and 1970s the company focused on better serving its clients by adding
businesses, such as property and asset management, real estate development and insurance
brokerage services, and opening and acquiring offices in select regional markets.
The company’s 1981 merger with Jacksonville, Florida.-based GMR Properties, sparked
an eastward expansion, and resulted in Grubb & Ellis becoming the first commercial
real estate services firm to be publicly traded and listed on the New York Stock
Exchange. Throughout the 1980s, Grubb & Ellis grew rapidly and established a nationwide
presence through the acquisition of well-established real estate firms in the Pacific
Northwest, Northeast, Southeast, Midwest and Texas.
The 1990s marked a period of consolidation and streamlining for Grubb & Ellis as
the company divested non-core businesses, including its residential business, and
focused on its core Transaction Services and Management Services businesses. As
part of this strategy, in 1996 the company acquired sole ownership of Axiom Real
Estate Management, Inc., its property and facilities management subsidiary that
originated in 1992 as an independently operated joint venture with IBM Corp. Axiom
was renamed Grubb & Ellis Management Services, Inc.
Today, Grubb & Ellis has one of the largest domestic brokerage sales forces in the
industry. With more than 1,800 brokerage professionals in its owned and affiliate
offices, the company has the capability to serve its clients real estate needs in
virtually every primary market as well as key secondary and tertiary markets throughout
the United States.
With growing property and facility management portfolio totaling more than 200 million
square feet representing a diverse roster of corporate, institutional, government
and private clients, Grubb & Ellis Management Services has grown to become one of
the largest management services providers in the real estate industry. Much of this
growth can be attributed to the company’s commitment to innovation and best-in-class
service, which was exemplified by Grubb & Ellis Management Services being named
Vendor of the Year by Microsoft Corporation in 2007, from among 15,000 vendors of
all types.
The company’s biggest transformation to date came in December 2007, when Grubb &
Ellis merged with NNN Realty Advisors, Inc., one of the most innovative and successful
sponsors of real estate investment programs. The merger combined two complementary
firms, providing Grubb & Ellis an established investment management business and
the financial capacity to continue to be a leader in the commercial real estate
services industry.
As a result of the merger, Grubb & Ellis is now a leading sponsor of real estate
investment programs that provide individuals and institutions with the opportunity
to invest in tax-deferred 1031 tenant-in-common exchanges, public non-traded real
estate investment trusts and real estate investment funds. Through its registered
broker-dealer, Grubb & Ellis Securities, Inc., Grubb & Ellis utilizes a nationwide
network of broker-dealers and financial representatives to offer its investment
products to individual and institutional investors.
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