Grubb & Ellis Selected to Market for Sale Edgewater Park Plaza in Oakland, CA

SAN FRANCISCO, CA (May 7, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced it has been selected to market for sale Edgewater Park Plaza (top right photo) in Oakland.

The property consists of four two-story office buildings totaling nearly 205,000 square feet.

Located at 7700 Edgewater Drive, Edgewater Park Plaza is currently home to more than 50 tenants, including the American Postal Workers Union and Girl Scouts of America.

It is within close proximity to the Oakland International Airport and the Wal-Mart-anchored Hegenberger Gateway Shopping Center which was recently completed.

“Edgewater Park Plaza is one of the only office projects in the Oakland Airport submarket that offers tenants a premier amenity base within a business park setting,” said Edward Suharski,(middle left photo) executive vice president, Grubb & Ellis.

“The property also provides investors the opportunity to acquire one of the leading office projects in the area at a substantial discount to replacement cost.”

Completed in 1976, the property offers excellent street visibility for tenant monument signage, onsite property management and onsite storage. The grounds include landscaped courtyards and water features that create an inviting business park environment.

“The Oakland Airport submarket has seen an increase in tenant demand over the past few quarters,” said Steven Golubchik, associate vice president. “It has been attracting tenants looking for low rent alternatives, outperforming many other East Bay submarkets during the current economic cycle.”

In addition to Suharski and Golubchik, the San Francisco-based sales team includes vice president Seth McKinnon.

Contacts:

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

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

Grubb & Ellis Selected to Market 1650 Harbor Bay Parkway in Alameda, CA

SAN FRANCISCO, CA (May 4, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced it has been selected to market for sale 1650 Harbor Bay Parkway, (top right photo) a two-story, roughly 64,000-square-foot office/R&D building in Alameda.

“1650 Harbor Bay Parkway represents an institutional-quality, credit leased investment opportunity at a substantial discount to replacement cost,” said Edward Suharski, (top left photo) executive vice president, Grubb & Ellis.

“The property provides some of the highest quality lab space in the East Bay, and benefits from a unique location combining waterfront exposure in a business park setting.”

Completed in 2001, 1650 Harbor Bay Parkway is situated on approximately 3.7 acres of land. The property is accessible via the newly constructed Ron Cowan Parkway on Interstate 880, linking it with Oakland, San Francisco and the Silicon Valley.

It is located within five miles of the Oakland airport, and within close proximity to the ferry link to San Francisco. It is 89 percent occupied.

“Alameda has remained a desireable hub for life science, biotech, and medical device companies in their early to mid life cycles, providing tenants affordable space with high quality improvements,” said Steven Golubchik, associate vice president, Grubb & Ellis.

In addition to Suharski and Golubchik, the San Francisco-based sales team also includes Seth McKinnon, associate vice president.

Contacts:

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

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

Industry Veteran Janine Watson Returns to Grubb & Ellis’ San Francisco Office

SAN FRANCISCO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that industry veteran Janine Watson, (top right photo) SIOR, has returned to the company’s San Francisco office, where she began her commercial real estate career in the mid-1980s.

Watson will serve as vice president and specialize in tenant representation and office leasing.

“Janine is a highly qualified individual who has extensive experience in all sectors of the commercial real estate market,” said Mark Geisreiter, executive vice president and regional managing director of Grubb & Ellis’ San Francisco Bay Area operations.

“She has represented clients in leasing, buying, developing and selling buildings, as well as partnered with brokers in other states to arrange new facilities for local clients.

"She is a very knowledgeable individual and we are fortunate to have her on board.”

Watson joins Grubb & Ellis from Pacific Union/GMAC Commercial Brokerage in San Francisco, where she served as director, responsible for tenant representation. She also served as a leasing agent for Cushman & Wakefield.

Watson is LEED™ accredited and a member of SIOR. She holds an M.A. from University of Arkansas at Fayetteville.

Contact: Julia McCartney, Phone: 714.975.2230. Email: julia.mccartney@grubb-ellis.com

Grubb & Ellis Promotes Mark Kowal to Vice President, Project Management Group

SOUTHFIELD, MI– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that Mark Kowal (bottom left photo) has been promoted to vice president, Project Management Group, from senior project manager.

“With his commitment to providing value and contributing to our clients’ bottom line, Mark has been a driving force behind expanding the services we can provide,” said Fred Liesveld, executive vice president and managing director of Grubb & Ellis’ Southfield office.

“As more and more companies seek to benefit from ‘one-stop shopping’ for real estate services, the benefits of having one of the best project management teams in town supporting our brokerage professionals is immeasurable.”

An 18-year veteran of the commercial real estate business, Kowal’s, expertise includes large corporate turn-key projects, tenant improvement and specialty construction.

Since joining Grubb & Ellis in 2007, he has overseen the construction of ITC’s 188,000-square-foot corporate headquarters building in Novi, and he is currently managing the retail rebranding for more than 40 locations nationally for AAA.

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