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NEW YORK CITY-Executives and guests from Santa Ana, CA-based Grubb & Ellis Co. recently rang the Closing Bell at the New York Stock Exchange, signaling the end of the trading day. Beforehand, Tony Thompson, the founder of TIC sponsor Triple Net Properties LLC and Grubb & Ellis president and CEO Scott Peters were presented with engraved gavels to mark the event.

The bell ringing marks the start of a year-long celebration of Grubb & Ellis’ 50th anniversary. Grubb & Ellis and Triple Net’s parent company, NNN Realty Advisors Inc., completed their merger last month, as GlobeSt.com previously reported.

The merger will occur through the issuance of 0.88 shares of Grubb & Ellis common stock for each share of NNN common stock outstanding. The newly merged company, which will be based in Santa Ana, will create a full-service commercial real estate asset management and services firm with a capitalization of $725 million.

Others executives the Closing Bell included Jack Van Berkel, Dylan Taylor, Rich Pehlke, Bob Osbrink, Andrea Biller, Francene La Point and Kevin Hull.

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