GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., May 2 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, today announced that Brett Hunsaker, who has established a reputation for increasing sales through his strong business development and client relationship skills, has joined the Company as Executive Vice President, Business Development, effective immediately. Based in Atlanta, Hunsaker will be responsible for overseeing the Company's business development, marketing and training programs for its Transaction Services business and ensuring that these efforts support the Company's integrated go-to-market strategy. "I couldn't be more pleased that Brett has decided to join Grubb & Ellis," said Scott D. Peters, Chief Executive Officer of Grubb & Ellis Company. "His incredible track record, extensive experience and strong management skills will make him an integral part of our growth strategy." Hunsaker joins Grubb & Ellis from CB Richard Ellis, where he was Senior Managing Director. As one of CB Richard Ellis' market leaders and head of its ownership services business in Atlanta, he was responsible for more than 50 property management, agency brokerage and investment sales producers. "It's exciting to be joining Grubb & Ellis at a time when there is so much momentum and opportunity for growth," Hunsaker said. "I'm looking forward to leveraging my relationships and professional experience in this new national role and contributing to the bottomline success of both Grubb & Ellis and its producers." Steve Dils, Executive Vice President and Managing Director of Grubb & Ellis' Atlanta office said, "Brett's relationship-building and management skills are unmatched in the industry, and his presence will allow Grubb & Ellis to expand its client relationships both in Atlanta as well as nationally." Hunsaker holds a bachelor's degree from California State University. He is President-elect of the Atlanta Board of Commercial Realtors and founder of Meet At, a commercial real estate networking group. He also was one of the founders of Real Estate Group of Atlanta, whose membership draws from all business sectors of the commercial real estate industry. 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 December 31, 2007, nearly $3 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 216 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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