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Article: Grubb & Ellis Company Enters Into Definitive Agreement to Sell Properties to Grubb & Ellis Realty Advisors, Inc. for Business Combination.
- Article from:
- PR Newswire
- Article date:
- June 18, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, June 18 /PRNewswire-FirstCall/ -- Grubb & Ellis Company today announced that it has entered into a definitive agreement with its investment management affiliate, Grubb & Ellis Realty Advisors, Inc., , to sell the Danbury Corporate Center, Abrams Centre and 6400 Shafer Court office properties to Realty Advisors.
Realty Advisors is a "blank check company" formed by Grubb & Ellis Company in September 2005 for the purpose of acquiring, through a purchase, asset acquisition or other business combination, one or more commercial real estate properties and/or assets, principally office and industrial properties in suburban, secondary and tertiary markets.
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