SANTA ANA, Calif., July 27, 2011 /PRNewswire/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Kraft Foods has agreed to extend its contract for facilities and project management services through 2016. The extension, which represents an early renewal of Grubb & Ellis' existing relationship with Kraft Foods, covers 41 locations throughout the U.S. and Canada totaling more than 4 million square feet of property.
Grubb & Ellis has served as facilities services provider for the Kraft Foods headquarters in Northfield, Ill., and all of the food company's office and R&D sites across North America since 2008.
"Grubb & Ellis has been a very strong partner in our pursuit of improved efficiency and reduced costs," said Bruce Windedahl, senior director, Facilities & Real Estate for Kraft Foods. "Their team understands our needs and has implemented processes and technology that have significantly improved our workflow and operations."
Jim Walter, vice president of Grubb & Ellis' National Accounts Team, heads the Kraft Foods account.
"We have been honored to serve Kraft Foods over the past three years and are thrilled they have determined we are best positioned to provide for their future real estate needs," said Thomas P. D'Arcy, president and chief executive officer of Grubb & Ellis. "Jim and the entire Grubb & Ellis team remain committed to high-quality service and ongoing improvement for the expansive real estate portfolio of the largest food company in North America."
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 5,200 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 management business, the company is a leading sponsor of real estate investment programs. For more information, visit www.grubb-ellis.com.
SOURCE Grubb & Ellis Company