General Services Administration Signs Lease for 32,980 SF, Build-to-Suit Office Building in El Segundo, CA

Facility Will House Los Angeles United States Military Entrance Processing Station

EL SEGUNDO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announces that the U.S. General Services Administration signed a lease for a 32,980-square-foot, build-to-suit office building (top right rendering) on 4.25 acres in El Segundo.

The facility will house the Los Angeles United States Military Entrance Processing Station. Terms of the transaction were not disclosed.

An agency of the Department of Defense, MEPS is responsible for qualifying and processing applicants for the United States Armed Forces and federal service.



Of the 65 MEPS facilities located throughout the United States, Los Angeles is the largest. Construction is under way on the new Los Angeles MEPS facility, which will be located at 1700 E. Grand Ave.

It is slated to open in August 2009. The Los Angeles facility will be relocating from 5051 Rodeo Road in Los Angeles.

Jim Biondi, Terry Reitz, Jeff Smart and Gerald Kim of Grubb & Ellis’ Los Angeles South Bay office represented the lessor, Mar Canyon Grand LLC, in the transaction. Shadd Walker of Colliers International represented the lessee.

Contacts:

Sharon Abar, 714.975.2185, sharon.abar@grubb-ellis.com
Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com