Monday, September 14, 2009

Grubb & Ellis Tapped as Leasing Agents of Prime Group Realty Trust’s East/West Corridor Office Portfolio

ROSEMONT, IL (Sept. 14, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Prime Group Realty Trust has selected the company as the leasing agent for seven office buildings totaling nearly 408,000 square feet and located in the East/West Corridor office submarket.

Michael Fortuna, senior vice president, and Brett Ratay, vice president, both of the company’s Office Group, will assist Prime Group in leasing the available space in the buildings, with the focus of their efforts being The Olympian Office Center in Lisle and Brush Hill Office Courte in Westmont.

The team has also been selected as the listing agents for Enterprise Center II in Westchester and The Atrium in Naperville.

“These quality office buildings offer excellent opportunities in the East/West submarket,” said Fortuna. “We’re pleased to have been selected to assist Prime Group in leasing the balance of its East/West suburban portfolio.”

The Olympian Office Center is a seven-story 167,756-square-foot office building located at 4343 Commerce Court in Lisle.

 Built in 1987, the Class A facility offers amenities including an atrium, conferencing facility, fitness center, food service and on-site management. Approximately 46,000 square feet is currently available for lease in the building.

Brush Hill Office Courte, located at 740, 750, 760 and 770 Pasquinelli Drive in Westmont, comprises four Class B buildings totaling 108,445 square feet. Built in 1986, the complex offers a campus-like setting and easy access to I-290, I-294, I-88 and I-355. Approximately 34,650 square feet is currently available.

Built in 1986, Enterprise Center II is a single-story 62,580-square-foot office building located at 2305-2315 Enterprise Drive in Westchester. The Class B facility, which is currently 100 percent leased, offers a central dock, 24-hour access, individual HVAC control and convenient access to I-88, I-290 and I-294.

The Atrium is a Class B, handicap-accessible facility offering access to public transportation and ample parking. Complete with a distinctive two-story lobby/common area, the 69,077-square foot building is located at 280 Shuman Blvd. in Naperville and currently has 7,365 square feet available.

Contact:  Erin Mays, 312.698.6735, erin.mays@grubb-ellis.com

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