8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 16, 2007

GRUBB & ELLIS COMPANY

(Exact name of registrant as specified in its charter)

Delaware	1-8122	94-1424307
(State or other jurisdiction of formation)	(Commission File Number)	(IRS Employer Identification No.)

500 West Monroe Street, Suite 2800, Chicago, Illinois 60661

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (312) 698-6700

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

     On March 16, 2007, Grubb & Ellis Company (the “Company”), through GERA Property Acquisition LLC, a wholly-owned subsidiary, in a letter agreement with Danbury Buildings Co., L.P., amended its agreement to purchase that certain property located at 39 Old Ridgebury Road and 55 Old Ridgebury Road, Danbury, Connecticut (collectively, the “Danbury Property”) to extend the expiration date of the “inspection period” (the period during which the Company may elect to terminate the agreement without penalty) from March 16, 2007 to May 1, 2007. The March 16, 2007 letter agreement also extended the closing date with respect to the Danbury Property from April 17, 2007 to a mutually agreed upon date not later than July 31, 2007.

     The foregoing is only intended to be a summary of the terms of the Letter Agreement and is not intended to be a complete discussion of such document. Accordingly, the following is qualified in its entirety by reference to the Letter Agreement, which is annexed as an Exhibit to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d)	The following are filed as Exhibits to this Current Report on Form 8-K:
	99.1 Letter Agreement dated March 16, 2007, by and between Danbury Buildings Co., L.P. & GERA Property Acquisition LLC.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly authorized and caused the undersigned to sign this Report on the Registrant’s behalf.

GRUBB & ELLIS COMPANY
By:	/s/ Robert Z. Slaughter
	Robert Z. Slaughter
	Executive Vice President and General Counsel

Dated: March 21, 2007

EX-99.1

Exhibit 99.1

March 16, 2007

Danbury Buildings Co., L.P
c/o Sunbelt Management Co.
220 Congress Park Drive, Suite 215
Delray Beach, Florida 33445
Facsimile. (561) 265-1308

Re: 39 and 55 Old Ridgebury Road, Danbury, Connecticut

Dear Mr. Reeves:

     This letter relates to that certain Purchase and Sale Agreement dated as of February 20, 2007 (the “Purchase Agreement”), whereby Danbury Buildings, Inc., a Florida corporation, as agent for and general partner of Danbury Buildings Co., L.P., a Delaware limited partnership (collectively, "DBI”), collectively, as seller, agreed to sell to GERA Property Acquisition LLC, a Delaware limited liability company (“GERA”), as purchaser, those certain properties located at 39 Old Ridgebury Road and 55 Old Ridgebury Road, Danbury, Connecticut (collectively, the “Property”). Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Purchase Agreement.

     The purpose of this letter is to amend the Purchase Agreement in order to extend the expiration date of the Inspection Period, extend the Closing Date and set forth certain other understandings of the parties.

     DBI and GERA hereby agree that (a) the expiration date of the Inspection Period is hereby extended from March 16, 2007 to May 1, 2007 and (b) the Closing Date is hereby extended from April 17, 2007 to July 31, 2007 or such earlier date as the parties may mutually agree.

     In addition, DBI and GERA agree to the matters set forth on Schedule 1, attached hereto and made a part hereof.

     Except as amended hereby, the parties agree that the Purchase Agreement remains in full force and effect and is hereby ratified and confirmed in all respects.

Richard M. Reeves
March 16, 2007
Page 2

     Please execute below to acknowledge DBI’s agreement to the terms and conditions of this letter agreement, and return the fully executed letter to GERA at the address listed above.

Yours truly, GERA PROPERTY ACQUISITIONS LLC, a Delaware limited liability company
By:	/s/ Mark W. Chrisman
	Mark W. Chrisman
	Executive Vice President

THE UNDERSIGNED AGREES TO THE TERMS AND CONDITIONS OF THIS LETTER AGREEMENT.

DANBURY BUILDINGS, INC., a Florida corporation
By:	/s/ Richard M. Reeves
	Name:	Richard M. Reeves
	Its:	Authorized Signatory
By:	/s/ William J. Ghory
	Name:	William J. Ghory
	Its:	Authorized Signatory

DANBURY BUILDINGS CO., L.P., a Delaware limited partnership
By:	Danbury Buildings, Inc.,
	a Florida corporation, its general partner
By:	/s/ Richard M. Reeves
	Name:	Richard M. Reeves
	Its:	Authorized Signatory
By:	/s/ William J. Ghory
	Name:	William J. Ghory
	Its:	Authorized Signatory