GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., June 24 /PRNewswire-FirstCall/ -- Grubb & Ellis Realty Investors, LLC today announced the disposition of Pueblo Shopping Center in Pueblo, Colo., on behalf of tenant-in-common investors. Located at 102-240 29th Street, Pueblo Shopping Center is a neighborhood shopping center anchored by King Soopers, a regional grocery chain operated by the Kroger, Co. Built in 1978 on nearly 13 acres, the property offers approximately 106,200 square feet of rentable area. This is the 54th securitized 1031 TIC exchange program taken full-cycle by Grubb & Ellis Realty Investors, an unrivaled industry record. Pueblo Shopping Center, originally purchased in November 1999, was sold to Raymond Plaza, LLC. Riki Hashimoto of Grubb & Ellis Company and John Rance of Rance Commercial were the brokers in the transaction. 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. 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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