Saturday, May 2, 2009

Grubb & Ellis Wins Two New Leasing Agent Contracts


Company Will Handle New “Green” Industrial Building in Roseville, CA

SACRAMENTO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has been named the exclusive leasing agent for one of the only sustainably designed industrial buildings in the Sacramento area, 501 Derek Place (top right photo) in Roseville.

Owned, developed and constructed by Kemper Properties, the project is expected to be completed in June 2009.

The property, 501 Derek Place, has approximately 10,000 square feet of space available, which can be divided into four 2,500-square-foot units. The building’s features include: solar light tubes, hydronic heated floors that use solar heated water to modulate temperature, insulated concrete forms and dual pane windows.

Grubb & Ellis to Oversee 279-Acre Champions Circle in Fort Worth, TX

DALLAS, TX– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has been selected to serve as the exclusive leasing agent for the first-phase office component of the 279-acre, mixed-use Champions Circle (golf course, bottom left photo) development in North Fort Worth.

Grubb & Ellis was chosen by Fine Line Diversified Development, the owner and master developer of Champions Circle, and Interra Development Group LLC, the developer of the first-phase office building.

The Champions Circle development will include: retail, office, hospitality, entertainment, town center, multi-family and residential space. The office component of the project is projected to have approximately 1 million square feet of high quality multi-tenant office space, as well as large, attractive sites for corporate campus users.

Champions Circle currently features a Marriott conference center hotel and a Greg Norman signature golf course, which provide key amenities for the area and will be an integral part of this mixed-use development.

Contacts:
Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com

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