-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BzgoxvWGmeWIotHPPxWZzvyuRbJ18/GX8IhhDIdd1g6mNqUls4JLzlFxh3AYQs3J
 TLW+hKWB/xGEYHikxlP9bg==

<SEC-DOCUMENT>0001209191-05-016005.txt : 20050316
<SEC-HEADER>0001209191-05-016005.hdr.sgml : 20050316
<ACCEPTANCE-DATETIME>20050316163119
ACCESSION NUMBER:		0001209191-05-016005
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050308
FILED AS OF DATE:		20050316
DATE AS OF CHANGE:		20050316

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRUBB & ELLIS CO
		CENTRAL INDEX KEY:			0000216039
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		IRS NUMBER:				941424307
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		2215 SANDERS RD
		STREET 2:		STE 400
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062
		BUSINESS PHONE:		4159561990

	MAIL ADDRESS:	
		STREET 1:		ONE MONTGOMERY ST STE 3100
		STREET 2:		TELESIS TWR 9TH FLR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Rose Mark Edward
		CENTRAL INDEX KEY:			0001320493

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08122
		FILM NUMBER:		05685874

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		847-753-7522

	MAIL ADDRESS:	
		STREET 1:		2215 SANDERS ROAD
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>boc93229_03mer.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-03-08</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000216039</issuerCik>
        <issuerName>GRUBB &amp; ELLIS CO</issuerName>
        <issuerTradingSymbol>GBEL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001320493</rptOwnerCik>
            <rptOwnerName>Rose Mark Edward</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GRUBB &amp; ELLIS COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>2215 SANDERS ROAD, SUITE 400</rptOwnerStreet2>
            <rptOwnerCity>NORTHBROOK</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60062</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>159575</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Non-qualified stock options</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.70</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-03-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.01</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>500000</value>
                    <footnoteId id="F4"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Represents restricted shares of Grubb &amp; Ellis Company's common stock that were awarded to Mr. Rose pursuant to the terms and conditions of that certain Restricted Stock Agreement, dated as of March 8, 2005, by and between Grubb &amp; Ellis Company and Mark E. Rose (the &quot;Restricted Stock Agreement&quot;).</footnote>
        <footnote id="F2">The restricted shares of Common Stock reported hereunder vest in equal, annual installments of thirty-three and one-third percent (33 1/3%) on each of the first, second and third anniversaries of March 8, 2005, subject to the terms and conditions of the Restricted Stock Agreement.</footnote>
        <footnote id="F3">The options reported hereunder were granted to Mr. Rose pursuant to the terms and conditions of that certain Stock Option Agreement, dated as of March 8, 2005, by and between Grubb &amp; Ellis Company and Mark E. Rose (the &quot;Stock Option Agreement&quot;), and are also subject to the terms and conditions of the Grubb &amp; Ellis Company 2000 Stock Option Plan.</footnote>
        <footnote id="F4">The options reported hereunder vest in equal, annual installments of thirty-three and one-third percent (33 1/3%) on each of the first, second and third anniversaries of March 8, 2005, subject to the terms and conditions of the Stock Option Agreement and the Grubb &amp; Ellis Company 2000 Stock Option Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Mark E. Rose</signatureName>
        <signatureDate>2005-03-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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