SANTA ANA, Calif., Oct. 20 CA-GBE-Named-byKraft
SANTA ANA, Calif., Oct. 20 /PRNewswire-FirstCall/ -- Grubb & Ellis Company
(NYSE: GBE), a leading real estate services and investment firm, today
announced that Kraft Foods Global, Inc., has selected the company as its
facilities services provider for Kraft's headquarters in Northfield, Ill., and
all of the food maker's office and R&D sites across North America. Grubb &
Ellis will provide a full range of facilities management services.
The assignment covers 41 locations throughout the U.S. and Canada totaling
more than 4 million square feet of property and builds on Grubb & Ellis'
long-standing Transaction Services relationship with Kraft.
"We were seeking a partner that would leverage technology and
best-in-class real estate processes to manage our facilities," said Bruce
Windedahl, Senior Director Facilities & Real Estate for Kraft Foods.
"Following an extensive review process, we selected Grubb & Ellis based on its
commitment to customer service and reputation for providing exceptional
facilities management services to some of the largest companies in the world."
Dylan Taylor, president of Global Client Services said, "We are honored
that Kraft has chosen us as the best partner for this initiative. This is one
of the most significant facilities management contracts awarded to a
commercial real estate services provider in several years. We look forward to
working with Kraft to implement best-in-class and cost-effective facilities
processes."
The relationship is being led by Jim Walter of Grubb & Ellis' National
Accounts Team.
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 June
30, 2008, more than $3.6 billion in investor equity has been raised for these
investment programs. The Company and its subsidiaries currently manage a
growing portfolio of more than 218 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.
SOURCE Grubb & Ellis Company
