Grubb & Ellis and Manhattan Software Form Strategic Alliance

SANTA ANA, Calif., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, and Manhattan Software, the global leader in enterprise real estate software, today announced they have formed a strategic alliance, creating a unique real estate management offering unmatched in the commercial real estate industry.  The combined strengths of the two firms, and the resulting synergies of this relationship, will allow both companies to service clients more effectively than ever before.

"Grubb & Ellis is known for delivering best-in-class, forward-thinking management solutions that go beyond the day-to-day to create real value for clients looking to outsource their real estate function," said Thomas P. D'Arcy, president and chief executive officer of Grubb & Ellis.  "Our alliance with Manhattan was driven by the knowledge that combining disparate packages and reporting tools is far inferior to an integrated product that can manage the lifecycle of real estate from end to end.  We believe that there is no better solution than Manhattan for our clients in need of a full-scale, comprehensive management platform."

The alliance between Grubb & Ellis and Manhattan is unique in that it will allow the two firms to work together with clients from the exploratory stage of a management engagement to deliver an integrated solution that offers unsurpassed visibility into their real estate operations, no matter where they are around the globe.  Through the sharing of information, collaborative thinking and comprehensive approach both companies are known for, the specific needs of a real estate portfolio will be efficiently addressed – without costly overlaps.  Equally important, clients can be confident that they are investing in a solution that will help them plan effectively for the future.    

"From the beginning, we focused on designing a platform that would allow real estate management decision makers to reduce occupancy costs, improve sustainability and release capital back to the business," said Craig Gillespie, chief executive officer, Manhattan.  "Our product delivers so much more than traditional property management software, and we are excited to be aligned with Grubb & Ellis professionals who share similar goals and objectives when working with clients.  By combining our industry-leading expertise, we can help companies unlock the full value of their real estate."  

Real estate users have the ability to outsource management to Grubb & Ellis' world-class experts while capitalizing on an enterprise-system-level integration of all functions of real estate.  Through a single, adaptable interface, Manhattan Software provides applications such as space planning, maintenance, project and portfolio management, lease administration and other functionality, as well as a full financial suite not present in other software packages.  Its clients, including a number of Fortune 200 companies, have discovered this approach to real estate management is more efficient and effective than how real estate portfolios have been managed historically.  

To learn more about what the alliance between Grubb & Ellis and Manhattan offers, visit www.remanagementrevolution.com.  

About Grubb & Ellis Company

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.

About Manhattan Software

Manhattan Software is the #1 global full service corporate real estate, facility management, property management and enterprise asset management software company.  Manhattan is focused on creating competitive advantage for its clients.  Manhattan Software offers two product suites: Manhattan, an Integrated Workplace Management Solution (IWMS) and CenterStone, the leading Computer Aided Facility Management (CAFM) software product.  As an integrated suite of products, Manhattan improves clients' performance by enabling seamless management of all aspects of their real estate operations and portfolio.  Manhattan is an advanced, web-based real estate lifecycle solution that readily integrates into an organization's existing infrastructure.

SOURCE Grubb & Ellis Company; Manhattan Software

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