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