Grubb & Ellis Lands 500,000-SF Property Assignment

SANTA ANA, CA-Weeks after naming a director of management services for Southern California to help increase its share of the property management pie in the Southland, Grubb & Ellis Co. has landed a contract to provide property management services for 500,000 square feet of facilities operated by Poway, CA-based Sharp HealthCare. The assignment includes two owned and three leased properties in and around San Diego that are operated by Sharp, a not-for-profit healthcare provider.

Grubb & Ellis will provide comprehensive property management services at the 190,000-square-foot 8695 Spectrum Center Blvd. and the 95,000-square-foot 5525 Grossmont Center Dr. in La Mesa; both properties are owned by Sharp HealthCare. The Santa Ana-based real estate services company will also provide specialized management services for nearly 150,000 square feet of space located at 4000 Ruffin Rd., 54,000 square feet at 3571 and 3572 Corporate Court, and 10,000 square feet at 3558 Ruffin Rd. In addition, Grubb & Ellis will provide lease administration services for 80 Sharp HealthCare leaseholds throughout San Diego County.

According to Hans Mumper, senior vice president and director of management services for Southern California, the property management effort for the Sharp HealthCare portfolio will be led by Glenn Fibiger, Poway-based portfolio manager for the Western Region of Grubb & Ellis. Mumper, who is based in Downtown Los Angeles, stepped into the newly created management services position recently as the Santa Ana, CA-based company focuses on integrating all of its client services and increasing its market share of the region’s property management business.

As Mumper told GlobeSt.com at the time, Grubb & Ellis is targeting institutions, high-net-worth individuals and other property owners in a concerted effort to increase its market share of property and facilities management. The new Grubb & Ellis director of management services points out that many property owners are focusing their attention more on improving building management in light of the economic downturn and changing market conditions.