Grubb & Ellis and NNN Realty Advisors will both hold meetings on Dec. 6 for shareholders to approve the merger. The merger is expected to close a few days after the vote, the spokeswoman says. The newly formed company will have a total capitalization of $725 million, as previously reported by GlobeSt.com.

Scott Peters, who is the president and chief executive officer of NNN Realty Advisors, will become the chief executive officer of the merged entity. Mark Rose, who is CEO of Grubb and Ellis, "will leave the organization following a transition period," the spokeswoman says. Anthony Thompson, founder and chairman of NNN Realty Advisors, will be the chairman of the merged entity.

The merger was previously approved by the board of directors from both companies. NNN Realty Advisors, the parent company of Triple Net Properties (the sponsor of funds and REITs), Triple Net Properties Realty Inc. (the brokerage company) and NNN Capital Corp. (the broker/dealer), will now operate using the Grubb & Ellis name and will operate out of Santa Ana. The deal will occur through the issuance of 0.88 shares of Grubb & Ellis common stock for each share of NNN common stock outstanding. NNN Realty Advisors currently manages a commercial real estate portfolio valued at approximately $5 billion.