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Article: Grubb & Ellis Realty Advisors, Inc. Enters Into Definitive Agreement to Purchase Properties for Business Combination; Files Preliminary Proxy Statement for Business Combination.
- Article from:
- PR Newswire
- Article date:
- June 18, 2007
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Company to Host Conference Call Tuesday at 10 a.m. Eastern time
CHICAGO, June 18 /PRNewswire-FirstCall/ -- Grubb & Ellis Realty Advisors, Inc., announced today that it has entered into a definitive agreement to purchase a portfolio of three office properties -- the Danbury Corporate Center in Danbury, Conn., Abrams Centre in Dallas and 6400 Shafer Court in Rosemont, Ill. -- from Grubb & Ellis Company , the Company's sponsor and affiliate.
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 ...