GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., Feb. 17 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, today announced that the International Association of Outsourcing Professionals(TM) has named Grubb & Ellis to The Global Outsourcing 100(TM), an annual ranking of the world's best outsourcing service providers and advisors. "We are thrilled to have been recognized by IAOP for our ability to provide expert outsourcing services to multinational clients," said Dylan Taylor, President, Global Client Services. "For Grubb & Ellis, 2008 was a year of unparalleled growth, as we significantly expanded relationships with many of our existing clients and won several new outsourcing agreements. We anticipate building on that success in 2009 by continuing to help our clients create and implement integrated solutions that address their unique business needs." The IAOP is in its fourth year of compiling The Global Outsourcing 100, an essential reference for companies seeking new and expanded relationships with the best companies in the industry. The list includes companies from around the world that provide the full spectrum of outsourcing services -- not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. "At a time when companies that outsource are scrutinizing their suppliers more closely than ever to ensure they are delivering the high quality, value- added results being sought by customers, The Global Outsourcing 100 has become an even more valuable reference tool for companies seeking to work with the best providers and advisors," said IAOP Chairman Michael Corbett. "The companies named on this list have demonstrated their expertise following a rigorous, independently judged process and represent the tops in the industry." Rankings are based on applications received and evaluated by an independent judge's panel. The 2009 judge's panel is chaired by Jagdish Dalal, Certified Outsourcing Professional(TM), a senior executive who has worked extensively in the field of outsourcing at major U.S. corporations including Carrier, Data General, Unisys and Xerox and is today managing director, thought leadership of IAOP. The panel includes: * Divyesh Dalal, managing director, India, Hamilton Sundstrand, United Technologies International Operations, Inc. * Teresa Harris, COP, IT manager, global sourcing, Eastman Kodak Company * William Hefley, Ph.D., associate teaching professor, Institute for Software Research; program director, MSIT IT Service Management, ITSqc, Carnegie Mellon University * Kurt Kohorst, COP, vice president, agency markets, Liberty Mutual Insurance * William P. Metz, COP, external business development manager, global business services, Proctor & Gamble * Manish K. Sahai, COP, vice president, customer service international, network partners, American Express * Kristin H. Weitz Rammer, vice president, MAXIMUS About IAOP The International Association of Outsourcing Professionals(TM) (IAOP(TM)) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.outsourcingprofessional.org/. About Grubb & Ellis Grubb & Ellis Company (NYSE:GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise. Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax- deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/. DATASOURCE: Grubb & Ellis Company CONTACT: Janice McDill of Grubb & Ellis Company, +1-312-698-6707, Web site: http://www.grubb-ellis.com/ http://www.outsourcingprofessional.org/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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