Document:

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                                                                   EXHIBIT 10.12

                       EXECUTIVE CHANGE OF CONTROL PLAN

                         Effective as of May 10, 1999
                 Amendment No. 2, Effective as of June 1, 2000

     1.   Paragraph 6 (i) A of the Executive Change of Control Plan, which was
adopted effective May 10, 1999, and amended on February 10, 2000 shall be
amended to read in its entirety as follows:

               A.   the sum of (1) the Executive's Annual Base Salary through
     the Date of Termination to the extent not theretofore paid, (2) the product
     of (x) the higher of (I) the Recent Annual Bonus, (II) the Annual Bonus
     paid or payable, including any bonus or portion thereof which has been
     earned but deferred (and annualized for any calendar year consisting of
     less than twelve full months or during which the Executive was employed for
     less than twelve full months), for the most recently completed calendar
     year during the Employment Period, if any, and (III) the sum of (A) the
     product of (ww) 100% of the Executive's target bonus for the current
     calendar year and (xx) a fraction, the numerator of which is the number of
     days in the current calendar year through the Date of Termination, and the
     denominator of which is 365, plus (B) the product of (yy) the higher of (I)
     and (II) above and (zz) a fraction, the numerator of which is the number of
     days remaining in the current calendar year after the Date of Termination,
     and the denominator of which is 365 (such higher amount being referred to
     as the "Highest Annual Bonus") and (y) a fraction, the numerator of which
     is the number of days in the current calendar year through the Date of
     Termination, and the denominator of which is 365 and (3) any compensation
     previously deferred by the Executive other than compensation deferred under
     the Company's 401(k) Plan or equivalent plan (together with any accrued
     interest or earnings thereon) and any accrued vacation pay, in each case to
     the extent not theretofore paid (the sum of the amounts described in
     clauses (1), (2), and (3) shall be hereinafter referred to as the "Accrued
     Obligations"); and

               2.   Except as amended above, and in Amendment No. 1, the
     provisions of the Executive Change of Control Plan remain in effect,
     unmodified.

                                   GRUBB & ELLIS COMPANY

                                   By: /s/ Reuben S. Leibowitz
                                      ------------------------------------------
                                           Reuben S. Leibowitz
                                           Chairman of the Board of Directors

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                          FORM OF EXECUTIVE AGREEMENT
                 EXECUTIVE CHANGE OF CONTROL PLAN, AS AMENDED

     This Agreement (the "Agreement") is entered into as of August 1, 2000
between Grubb & Ellis Company, a Delaware corporation (the "Company"), and [NAME
AND TITLE] ("Executive").

Recitals

     WHEREAS, the Board of Directors of the Company (the "Board of Directors")
has adopted Amendment No. 2, effective as of June 1, 2000 ("Amendment No. 2"),
to the Grubb & Ellis Company Change of Control Plan, effective as of May 10,
1999 (the "Plan"); and

     WHEREAS, pursuant to Section 12(a) of the Plan, any amendment of the Plan
requires a written agreement approved by the Board of Directors and executed by
an authorized officer or director of the Company and each affected Executive or
their respective successors and legal representatives.

Terms of Agreement

     NOW, THEREFORE, in consideration of the past and prospective contribution
of Executive to the Company, and for such other consideration, the receipt and
sufficiency of which is hereby acknowledged by the parties, the parties hereto
hereby agree as follows:

1.   The Company and Executive hereby agree that, under such conditions as may
     be set forth in the Plan, as amended by Amendment No. 2, Executive shall be
     eligible to participate in the Plan, which is attached hereto and
     incorporated herein by reference.

2.   The Company and Executive hereby agree to abide by the terms of the Plan,
     as amended by Amendment No. 2.

3.   Executive's participation in the Plan, as amended by Amendment No. 2, is
     intended to be supplementary to, and does not supersede, any rights or
     obligations of the parties with respect to other employment agreements,
     indemnity agreements, benefits, stock options and any other arrangements
     governing the employment and compensation of Executive at the Company,
     except as arrangements relative to "Changes of Control" of the Company as
     defined in the Plan.

4.   This Agreement and the Plan, as amended by Amendment No. 2, constitute the
     entire understanding between the parties with respect to the matters
     covered in the Plan, as amended by Amendment No. 2, and supersede all prior
     negotiations, discussions or agreements, written or oral, concerning the
     then subject matter of the Plan, as amended by Amendment No. 2.

5.   This Agreement shall be governed by and construed in accordance with the
     laws of the State of Illinois without reference to principles of conflict
     of laws, except to the extent pre-empted by federal law.

6.   This Agreement may not be modified or cancelled except in a writing signed
     by Executive and a duly authorized representative of the Company.

7.   If any portion of this Agreement is held to be unenforceable by a court of
     competent jurisdiction, then the remainder of the Agreement shall be given
     full force and effect.

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  IN WITNESS WHEREOF, the parties have executed this Agreement as of August 1,
2000.

GRUBB & ELLIS COMPANY                        EXECUTIVE

By_____________________________              _______________________________

cc:  Human Resources File

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                                                                   EXHIBIT 10.13

                 EXECUTIVE INCENTIVE BONUS AND SEVERANCE PLAN
                                 June 1, 2000

The Board of Directors (the "Board") of Grubb & Ellis Company, a Delaware
corporation (the "Company") has determined that it is in the best interests of
the Company and its stockholders to assure that the Company will have the
continued dedication of certain Executives of the Company.  Therefore, in order
to accomplish this objective the Board has caused the Company to enter into this
Grubb & Ellis Company  Executive Incentive Bonus And Severance Plan (the
"Plan").

1.   The effective date of this Plan (the "Effective Date") shall be June 1,
2000. The Plan shall be applicable to the current Executive Officers of the
Company, which include Maureen A. Ehrenberg, Douglas P. Frye, Blake Harbaugh,
John G. Orrico, Brian D. Parker, Steven D. Scruggs, and Robert J. Walner, and
the Vice President of Human Resources, Vince Ristucci (individually, a "Plan
Participant" and collectively, the "Plan Participants").

2.   For each Plan Participant who does not voluntarily terminate his/her
employment with the Company, and who is not terminated for "Cause" by the
Company, prior to August 31, 2000, he/she shall receive a lump sum in cash in an
amount equal to twenty per cent (20%) of his/her annual base salary, less
withholding and customary payroll deductions, which shall be paid by the Company
not later than September 15, 2000.

3.   For each Plan Participant who does not voluntarily terminate his/her
employment with the Company, and who is not terminated for Cause by the Company,
prior to December 31, 2000, he/she shall receive a lump sum in cash in an amount
equal to the greater of (i) eighty per cent (80%) of his/her calendar year 2000
target bonus pursuant to the Executive Incentive Compensation Program for
Calendar Year 2000 ("Target Bonus"), or (ii) the Target Bonus actually earned by
the Plan Participant in respect of calendar year 2000, less withholding and
customary payroll deductions, which shall be paid by the Company not later than
February 15, 2001.  Earned bonus calculations for the Plan Participants' Target
Bonus will exclude the impact on the Company's financial results of
extraordinary expenses including, among other things, the incremental impact of
the resignation of Neil Young.

4.   After the Effective Date, if (a) a Plan Participant is at any time
terminated by the Company without Cause, or (b) any of a Plan Participant's
status, office, titles, reporting requirements, authority, duties,
responsibilities, compensation, benefits or perquisites are reduced, excluding
an isolated, insubstantial and inadvertent action not taken in bad faith and
which is remedied by the Company promptly after receipt of notice thereof given
by the Plan Participant, or if his/her employment is relocated more than thirty
five miles from his/her primary residence, and the Plan Participant resigns
(either (a) or (b) above hereinafter a "Termination"), then the Plan Participant
shall receive (i) his/her current annual base salary and all benefits through
the date of termination; and (ii) a lump sum in cash in an amount equal to
his/her pro rata  (to the date of Termination) share of the earned portion of
his/her then current calendar year target bonus (calculated based on then known
financial results of the Company and assuming that the Plan Participant would
receive 100% of that portion of the target bonus based upon subjective factors);
and (iii) cash in an amount equal to one year's base salary at the greater of
(x) his/her current annual base salary, or (y) the highest annual base salary
received by him/her in any of the three most recently completed calendar years,
to be paid monthly in accordance with the Company's normal payroll

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practices over a twelve month period after Termination; and (iv) a continuation
of all Company benefits and perquisites, or their equivalent, for a period of
one year after his/her termination date, in each case less withholding and
customary payroll deductions.

5.   If a Plan Participant suffers a Termination as provided above, in
recognition of the small float and low transaction volume of the Company's
common stock, and because the Plan Participants are subject to lengthy blackout
periods during which they are precluded from trading in the Company's stock, the
Company shall use its best efforts to assist the Plan Participant to liquidate
his/her position in "in the money" options to purchase stock in the Company
pursuant to the Company's employee stock option plans which have vested on or
prior to the Termination (hereinafter "Options"), whereby the Company shall take
one of the following actions on or prior to the Termination date but in no event
later than sixty days after a Plan Participant's Termination (and if the Company
fails to so elect or complete such actions within the time aforesaid, then the
Plan Participant shall elect one of the following actions which the Company
shall promptly complete):

     (i)    the Company shall purchase, or shall use the Company Stock
Repurchase Plan to purchase, all of the Plan Participant's Options for an amount
in cash equal to the product obtained by multiplying (a) the difference between
the per share exercise price of the Plan Participant's Options and the average
closing price of the Company's stock on the New York Stock Exchange for the five
trading days prior to the date of Termination and (b) the number of shares of
Company common stock covered by such Options;

     (ii)   the Company shall find a third party purchaser to purchase all of
the Plan Participant's common stock in the Company after exercise of the Options
by the Plan Participant at a fair market value equal to the closing price of the
Company's common stock on the New York Stock Exchange on the day prior to the
closing of the sale transaction;

     (iii)  the Company shall take such action as is necessary, including but
not limited to, effecting amendments to the Company's employee stock option
plans and modifying the individual grants of Options to Plan Participants, in
order to (a) extend the expiration date of the Options to twelve months after
the Plan Participant's Termination, and (b) effect a true cashless exercise of
the Options.

6.   Not withstanding anything in Sections 4 or 5 to the contrary, if the Plan
Participant receives the compensation as provided in the Company's Executive
Change of Control Plan dated May 10, 1999, as amended (the "Change of Control
Plan"), as a result of a Change In Control of the Company as provided therein,
then Sections 4 and 5 shall be null and void.

7.   Cause shall be as defined in the Change of Control Plan.

8.   The obligations of the Company under the Plan shall be binding on the
Company and its successors and assigns.  The Company will require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Plan in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place.  As used in this Plan, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Plan by operation of law, or
otherwise.

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9.   In no event shall the Plan Participant be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Plan Participant under any of the provisions of this Plan and such
amounts shall not be reduced whether or not the Plan Participant obtains other
employment. The Company agrees to pay as incurred, to the full extent permitted
by law, all legal fees and expense which the Plan Participant may reasonably
incur as a result of any contest (regardless of the outcome thereof) by the
Company, the Plan Participant, or others of the validity or enforceability of,
or liability under, any provision of this Plan.

10.  This Plan shall be governed by and construed in accordance with the laws of
the State of Illinois, without reference to principles of conflict of laws,
except to the extent pre-empted by federal law. This Plan may not be amended,
modified or terminated otherwise than by a written agreement approved by the
Board and executed by an authorized officer or director of the Company and each
affected Plan Participant or their respective successors and legal
representatives.

11.  Except as may otherwise be provided under any other written agreement
between the Plan Participant and the Company, the employment relationship
between the Plan Participant and the Company is "at will".  Except as modified
by this Plan, the Plan Participant's employment with the Company is subject to
all Company policies governing employees of the Company as in effect from time
to time, including but not limited to the Employee Handbook and the expense
policy.

12.  As and when the Plan Participant signs an acknowledgment agreement to
participate in this Plan, then this Plan shall constitute a valid and binding
employment agreement between such Plan Participant and the Company.

     By its Board of Directors, the Company has caused the Plan to be adopted as
of the day and year first above written.

                             Grubb & Ellis Company

                    By:  /s/ Reuben S. Leibowitz
                       ----------------------------------
                       On behalf of the Board
                       Authorized Officer or Director

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                          FORM OF EXECUTIVE AGREEMENT
                 EXECUTIVE INCENTIVE BONUS AND SEVERANCE PLAN

     This Agreement (the "Agreement") is entered into as of June 1, 2000 between
Grubb & Ellis Company, a Delaware corporation (the "Company"), and
__________________ [NAME AND TITLE] ("Executive").

                                    Recitals
                                    --------

     WHEREAS, Executive has performed and does perform valuable services to the
Company in his capacity as an Executive; and

     WHEREAS, the Board of Directors has determined that it is in the best
interests of the Company and its stockholders to assure that the Company will
have the continued dedication of Executive; and

     WHEREAS, the Board of Directors has adopted the Grubb & Ellis Company
Executive Incentive Bonus and Severance Plan, as effective June 1, 2000 (the
"Plan"); and

     WHEREAS, pursuant to Section 12 of the Plan, upon the execution by
Executive and the Company of an agreement to participate in the Plan, the Plan
becomes an employment agreement between the Company and Executive.

                               Terms of Agreement
                               ------------------

     NOW, THEREFORE, in consideration of the past and prospective contribution
of Executive to the Company, and for such other consideration, the receipt and
sufficiency of which is hereby acknowledged by the parties, the parties hereto
hereby agree as follows:

1.   The Company and Executive hereby agree that, under such conditions as may
be set forth in the Plan, Executive shall be eligible to participate in the
Plan, which is attached hereto and incorporated herein by reference.

2.   The Company and Executive hereby agree to abide by the terms of the Plan.

3.   Executive's participation in the Plan is intended to be supplementary to,
     and does not supersede, any rights or obligations of the parties with
     respect to other employment agreements, indemnity agreements, benefits,
     stock options and any other arrangements governing the employment and
     compensation of Executive at the Company.

4.   This Agreement and the Plan constitute the entire understanding between the
     parties with respect to the matters covered in the Plan, and supersede all
     prior negotiations, discussions or agreements, written or oral, concerning
     the then subject matter of the Plan.

5.   This Agreement shall be governed by and construed in accordance with the
     laws of the State of Illinois without reference to principles of conflict
     of laws, except to the extent pre-empted by federal law.

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6.   This Agreement may not be modified or cancelled except in a writing signed
     by Executive and a duly authorized representative of the Company.

7.  If any portion of this Agreement is held to be unenforceable by a court of
    competent jurisdiction, then the remainder of the Agreement shall be given
    full force and effect.

    IN WITNESS WHEREOF, the parties have executed this Agreement as of August 1,
    2000.

  GRUBB & ELLIS COMPANY                           EXECUTIVE

  By____________________________                  ___________________________

  cc:  Human Resources File

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