GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., May 12 /PRNewswire/ -- Grubb & Ellis Realty Investors, LLC has acquired a Fifth Third Bank building in the Chicago-suburb of Schaumburg, Ill., on behalf of a private investor participating in the Wealth Management program. Located at 2580 W. Schaumburg Road, the newly constructed building is comprised of more than 4,000 square feet of rentable space situated on more than one acre of land. Solely leased to Fifth Third Bancorp, the property includes four drive-thru teller lanes, as well as 28 parking spaces. "This high quality asset is located in one of Schaumburg's primary retail corridors and is expected to provide investors with a steady return over the projected hold period," said Jeff Hanson, President and Chief Investment Officer of Grubb & Ellis Realty Investors. "The property is on a long term ground lease to a strong investment-grade tenant, making it a particularly attractive investment asset." The Fifth Third Bank building is an outparcel to the Prairie Towne Center, where an estimated 67,000 cars pass daily, and is also highly visible and accessible from Barrington Road, where an estimated 40,000 cars pass daily. The property is directly surrounded by dense residential neighborhoods, as well as various retail outlets, including Target, Home Depot and Staples. Grubb & Ellis Realty Investors acquired the Fifth Third Bank building from JBAS, LLC, which was represented by Nathan Martin from Staubach Capital Markets. About Grubb & Ellis Realty Investors Grubb & Ellis Realty Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states. One of the nation's most active buyers and sellers of commercial real estate, Grubb & Ellis Realty Investors has completed acquisition and disposition volume totaling approximately $10.4 billion on behalf of program investors since its founding in 1998; more than 70 percent of this volume has been transacted since Jan. 1, 2005. Grubb & Ellis Realty Investors and affiliates are currently buying and selling properties throughout the United States, offering a full range of commercial real estate investment programs, including tenant-in-common (TIC) programs for investors structuring tax-deferred (like-kind) exchanges under Section 1031 of the Internal Revenue Code, non-traded public real estate investment trusts (REITs), multi-member limited liability companies (LLCs) and institutional investments. Through the Grubb & Ellis Wealth Management program, Grubb & Ellis Realty Investors also offers high net worth investors a comprehensive program to build or expand their commercial real estate portfolio, whether their investment objectives are 1031 exchange driven or not. Contact: Julia McCartney, 714.667.8252, ext. 230 DATASOURCE: Grubb & Ellis Realty Investors, LLC CONTACT: Julia McCartney of Grubb & Ellis Realty Investors, LLC, +1-714-667-8252, ext. 230, Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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