The bell ringing marks the start of a year-long celebration ofGrubb & Ellis' 50th anniversary. Grubb & Ellis and TripleNet's parent company, NNN Realty Advisors Inc., completed theirmerger lastmonth, as GlobeSt.com previously reported.
The merger will occur through the issuance of 0.88 shares ofGrubb & Ellis common stock for each share of NNN common stockoutstanding. The newly merged company, which will be based in SantaAna, will create a full-service commercial real estate assetmanagement and services firm with a capitalization of $725million.
Others executives the Closing Bell included Jack Van Berkel,Dylan Taylor, Rich Pehlke, Bob Osbrink, Andrea Biller, Francene LaPoint and Kevin Hull.
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