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Grubb & Ellis completes merger

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From Times Staff and Wire Reports

Commercial real estate broker Grubb & Ellis Co. completed a merger with NNN Realty Advisors Inc., adding to its property management and investment operations.

Grubb & Ellis will keep its name and continue to be listed on the New York Stock Exchange. Grubb & Ellis’ headquarters has been moved to Santa Ana from Chicago.

Tony Thompson, founder of NNN, is chairman of the combined company, taking over for C. Michael Kojaian, who remains on the board.

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