Restaurants

Mastercraft and Grubb & Ellis Secure Major Contracts

Strategic Insights

Jul 20, 1998 — 1 min read

In a significant development for the Chicago metropolitan area, Mastercraft Vending and Coffee Service and Grubb & Ellis Co. have announced major contracts with prominent companies. Mastercraft has been selected as an authorized distributor for Caribou Coffee Company Inc., while Grubb & Ellis has been chosen as the real estate service provider for Kaiser Permanente. These partnerships are expected to bring significant benefits to the companies involved and the wider business community.

Key Takeaways:

Mastercraft Vending and Coffee Service has been selected as an authorized distributor for Caribou Coffee Company Inc., supplying all Caribou Coffee services for Chicago-area offices.
Caribou Coffee has 17 coffee houses in the Chicago area, indicating a strong presence in the region.
Grubb & Ellis has been chosen as the real estate service provider for Kaiser Permanente, a California-based health maintenance organization with a 52-million-square-foot real estate portfolio in 19 states.
Grubb & Ellis will provide strategic planning, sale and lease transactions, and cost reduction ideas to Kaiser Permanente.
Household International has named Michael E. Marcus, 34, as managing director of marketing for Household Credit Services, the company's U.S. MasterCard/Visa business.
Michael E. Marcus has overseen numerous projects for Prospect Heights-based Household since 1996, focusing on customer segmentation strategies, retention programs, and loss management initiatives.

Statistics:

Caribou Coffee has 17 coffee houses in the Chicago area.
Kaiser Permanente has a 52-million-square-foot real estate portfolio in 19 states.
Household International's U.S. MasterCard/Visa business is worth $17 billion.
Michael E. Marcus has been with Household International since 1996, working on numerous projects in marketing and customer segmentation.

Sources:

Mastercraft Vending and Coffee Service press release
Grubb & Ellis Co. press release
Household International press release
Caribou Coffee Company Inc. press release
Kaiser Permanente press release

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