SANTA ANA, Calif., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Grubb
& Ellis Company (NYSE: GBE), a leading real estate services and
investment firm, and Manhattan Software, the global leader in
enterprise real estate software, today announced they have formed a
strategic alliance, creating a unique real estate management
offering unmatched in the commercial real estate industry.
The combined strengths of the two firms, and the resulting
synergies of this relationship, will allow both companies to
service clients more effectively than ever before.
"Grubb & Ellis is known for delivering best-in-class,
forward-thinking management solutions that go beyond the day-to-day
to create real value for clients looking to outsource their real
estate function," said Thomas P.
D'Arcy, president and chief executive officer of Grubb &
Ellis. "Our alliance with Manhattan was driven by the knowledge that
combining disparate packages and reporting tools is far inferior to
an integrated product that can manage the lifecycle of real estate
from end to end. We believe that there is no better solution
than Manhattan for our clients in
need of a full-scale, comprehensive management platform."
The alliance between Grubb & Ellis and Manhattan is unique in that it will allow the
two firms to work together with clients from the exploratory stage
of a management engagement to deliver an integrated solution that
offers unsurpassed visibility into their real estate operations, no
matter where they are around the globe. Through the sharing
of information, collaborative thinking and comprehensive approach
both companies are known for, the specific needs of a real estate
portfolio will be efficiently addressed – without costly overlaps.
Equally important, clients can be confident that they are
investing in a solution that will help them plan effectively for
the future.
"From the beginning, we focused on designing a platform that
would allow real estate management decision makers to reduce
occupancy costs, improve sustainability and release capital back to
the business," said Craig Gillespie,
chief executive officer, Manhattan. "Our product delivers
so much more than traditional property management software, and we
are excited to be aligned with Grubb & Ellis professionals who
share similar goals and objectives when working with clients.
By combining our industry-leading expertise, we can help
companies unlock the full value of their real estate."
Real estate users have the ability to outsource management to
Grubb & Ellis' world-class experts while capitalizing on an
enterprise-system-level integration of all functions of real
estate. Through a single, adaptable interface, Manhattan
Software provides applications such as space planning, maintenance,
project and portfolio management, lease administration and other
functionality, as well as a full financial suite not present in
other software packages. Its clients, including a number of
Fortune 200 companies, have discovered this approach to real estate
management is more efficient and effective than how real estate
portfolios have been managed historically.
To learn more about what the alliance between Grubb & Ellis
and Manhattan offers, visit
www.remanagementrevolution.com.
About Grubb & Ellis Company
Grubb & Ellis Company (NYSE: GBE) is one of the largest and
most respected commercial real estate services and investment
companies in the world. Our 6,000 professionals in more than 100
company-owned and affiliate offices draw from a unique platform of
real estate services, practice groups and investment products to
deliver comprehensive, integrated solutions to real estate owners,
tenants and investors. The firm's transaction, management,
consulting and investment services are supported by highly regarded
proprietary market research and extensive local expertise. Through
its investment subsidiaries, the company is a leading sponsor of
real estate investment programs that provide individuals and
institutions the opportunity to invest in a broad range of real
estate investment vehicles, including public non-traded real estate
investment trusts (REITs), mutual funds and other real estate
investment funds. For more information, visit
www.grubb-ellis.com.
About Manhattan Software
Manhattan Software is the #1 global full service corporate real
estate, facility management, property management and enterprise
asset management software company. Manhattan is focused on
creating competitive advantage for its clients. Manhattan
Software offers two product suites: Manhattan, an Integrated Workplace Management
Solution (IWMS) and CenterStone, the leading Computer Aided
Facility Management (CAFM) software product. As an integrated
suite of products, Manhattan
improves clients' performance by enabling seamless management of
all aspects of their real estate operations and portfolio.
Manhattan is an advanced, web-based real estate lifecycle
solution that readily integrates into an organization's existing
infrastructure.
SOURCE Grubb & Ellis Company; Manhattan Software