Grubb & Ellis Represents Landlord in Lease Extension and Expansion Totaling 251,000SF to NCR Corp.

ATLANTA (Feb. 10, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented Satellite Realty Holdings LLC in the lease extension of 187,298 square feet and lease expansion of 64,198 square feet of office space at 2651 Satellite Blvd. in Duluth to NCR Corporation.

Steve Morgan, senior vice president, Office Group, facilitated the transaction on behalf of the landlord; John Shlessinger and John Ferguson of CB Richard Ellis represented NCR Corporation.

“The quality of the building, the numerous amenities in the area and the proximity of 2651 Satellite Blvd. to NCR’s new world headquarters makes this facility a prime location for NCR’s continued tenancy,” said Morgan. “We’re pleased to support NCR Corporation’s growth in Atlanta, and we look forward to talking to additional prospective tenants interested in a global corporate neighbor like NCR.”

The transactions extend the term of NCR’s lease of 187,298 square feet for an additional six years, while the lease term of the 64,198-square-foot expansion is 10 years and nine months.

Built in 1989, 2651 Satellite Blvd. is a single-story, 308,000-square-foot Class B office building. Originally owned and fully occupied by NCR, the building was sold to Satellite Realty Holdings in 1996 on a sale/partial leaseback basis. At that time, NCR occupied 187,000 square feet and has since regrown its presence in the facility to more than 251,000 square feet. The building currently has 57,000 square feet of space available for lease.

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