Exhibit 4 E.M. WARBURG, PINCUS & CO., INC. 466 LEXINGTON AVENUE, NEW YORK, N.Y. 10017-3147 December 11, 1996 Grubb & Ellis Company 10275 West Higgins Road, Suite 300 Rosemont, IL 60018 Attention: Mr. Neil Young Gentlemen: Warburg, Pincus Investors,...Option Agreement • December 20th, 1996 • Warburg Pincus Investors Lp
