Grubb & Ellis Sells Daymark; Exits Tenant-in-Common Business

Grubb & Ellis Co. has sold it Daymark Realty Advisors Inc., to a joint venture entity controlled by Sovereign Capital Management Group and Infinity Urban Century, an investment affiliate of The Infinity Group for an undisclosed price.

Grubb & Ellis has exited the tenant-in-common business with the disposition of its wholly owned subsidiary.

“The sale of Daymark is extremely positive for our company. Daymark was noncore to our Real Estate Services…
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