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Exhibit 10.15

FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT

This first Amendment to the Employment Agreement (Amendment) is entered
into as of April 1, 2003 by and between Brian D. Parker (Executive) and Grubb
& Ellis Company, a Delaware corporation (the Company). All capitalized terms
used and not otherwise defined herein shall have the meanings assigned thereto
in the Agreement (as defined below).

WHEREAS, an Employment Agreement was entered into between Executive and
the Company dated March 1, 2003 (the Agreement); and



WHEREAS, Executive and the Company desire to amend the Agreement and
modify certain of its terms.

NOW THEREFORE, in consideration of each partys undertakings, promises and
covenants set forth in this Amendment, and for other good and valuable
consideration of the parties hereto, the receipt and sufficiency of which is
hereby acknowledged, the parties hereby agree as follows.



|1) |  | Base Salary. Section 4 of the Agreement shall be amended to read, as
follows:
|-- |  | -----------------------------------------------------------------------------



| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
| |  | 4. Monthly Base Salary. In consideration of Executives services to be
performed under this Agreement and as compensation therefor, Executive shall
receive, in addition to all other benefits provided for in this Agreement, a
base salary (the Base Salary) at a rate of Twenty-Seven Thousand Dollars
($27,000.00) per month for the period beginning April 16, 2003 and ending
December 31, 2003; and Thirty Thousand Dollars ($30,000) per month for the
remainder of the Period of Contract Employment. All payments of Base Salary
shall be subject to all applicable withholdings and deductions, and shall be
payable in accordance with the Companys payroll practices.



|2) |  | No Other Modifications. Except as modified above, all provisions of the
Agreement shall remain in full force and effect, unmodified.
|-- |  | ------------------------------------------------------------------------------------------------------------------------------------

|          |  |                       |  | 
|--------- |  | --------------------- |  | 
|EXECUTIVE |  | GRUBB & ELLIS COMPANY
|         
|         
|          |  | By:                   | 
|          |  |                       | 
|         
|          |  | Name:                 | 
|          |  |                       | 
|         
|          |  | Title:                | 
|          |  |                       | 

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