Grubb & Ellis Company Names Stephen Jones Executive Managing Director, Institutional Capital Markets

SANTA ANA, Calif., Oct. 6 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Stephen Jones has joined the company as executive managing director, Institutional Capital Markets, effective immediately. He will report to Glen Esnard, president, Capital Markets.

In this role, Jones will leverage his commercial real estate experience, extensive relationships and knowledge of the institutional capital investment market to further enhance the company's Capital Markets platform.  As part of Grubb & Ellis' Investor Services platform, the Capital Markets group integrates investment sales with property management, agency leasing and debt & equity finance to optimize client returns.

"Steve's experience and proven success makes him an excellent choice to enhance our client focus and expand our new business efforts within the Institutional Capital Markets group," said Esnard.  "We've significantly strengthened our institutional sales capabilities over the past two years with the addition of a number of leading professionals in key markets throughout the country.  As a company, we have observed Steve's credibility in the marketplace and his deep client relationships.  We are excited to have him on our team."

Jones' hire marks the third major leadership addition in the company's Capital Markets group in recent months.  In April, Jeff Majewski, former chief operating officer of CB Richard Ellis' Debt & Equity Finance group and senior managing director of CBRE Capital Markets, joined Grubb & Ellis to lead the growth of its Debt & Equity platform, while Hook McCullough, who joined the company in March from CB Richard Ellis to lead the Private Capital Markets group.

Prior to joining Grubb & Ellis, Jones spent 20 years with Cushman & Wakefield, where he was most recently executive vice president, Capital Markets Group.  While at Cushman & Wakefield, Jones initiated and led the company's highly successful new business programs focused on institutional clients, bolstering Cushman & Wakefield's national prominence in the investment sales arena.

"Grubb & Ellis has recruited a number of the industry's best brokerage professionals – many of whom I worked with in the past and who have great things to say about Grubb & Ellis," said Jones.  "Our goal is to continue those recruiting successes and ensure Grubb & Ellis is positioned to assist clients in taking advantage of opportunities in the marketplace brought by current economic conditions."

Jones began his career with Aetna Life Insurance Company in 1974 after earning his bachelor's degree from Norwich University and his MBA from Columbia University.  He is a member of the Urban Land Institute.

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.

SOURCE Grubb & Ellis Company