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Thomas D'Arcy Named New Grubb CEO/President

SANTA ANA, CA-The former principal at Bayside Realty Partners will also join the board of directors.

By Ryan Clark | Updated on November 09, 2009

SANTA ANA, CA-Grubb & Ellis, after an exhaustive search, has found its new president and CEO in Thomas D’Arcy. D’Arcy comes to them from Bayside Realty Partners, where he served as a principal. This position does not come new to D’Arcy who served as president and CEO of Equity Investment Group from 2001-2004, and Bradley Real Estate, Inc. from 1989-2000. He is currently serving as the non-executive chairman of Inland Real Estate Corp., a $1.5-billion REIT.

“Although the past year has brought significant challenges, the company has accomplished a great deal, including the recently completed recapitalization,” D’Arcy says in a statement. “This places Grubb & Ellis in a strong position to expand its leadership position in the commercial real estate industry, especially now while the market is in significant transition. I believe Grubb & Ellis has an enormous opportunity to leverage ts talent reach, proprietary research and local market expertise to create value for our shareowners, our clients and our employees.”

“[D'Arcy] is an experienced and respected executive in the commercial real estate industry and we are extremely pleased to have him joining our company,” says C. Michael Kojaian, chairman of the board of Grubb, in a statement. “With the recent completion of the company’s recapitalization, we are confident that Tom will accelerate the execution of Grubb & Ellis’ growth strategy and build long-term value for stockholders.”

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