Grubb & Ellis|NCG Announces New Listings

RENO, Nev. (January 11, 2010) – Grubb & Ellis|NCG, northern Nevada’s full-service commercial real estate firm specializing in office, retail, industrial, land, investment and multi-family properties, announces the following new commercial real estate listings:

Industrial

5450 Louie Lane: Chris Fairchild of Grubb & Ellis|NCG was awarded the sublease from Mariah Power for 16,870 square feet of flex space located at 5450 Louie Lane in Reno.

1395 Spice Island Drive: David Schuster, SIOR, CCIM, Greg Shutt, SIOR and Chris Fairchild of Grubb & Ellis|NCG were awarded the sale and lease listing from Brucke Klahr for 8,500 square feet of flex space located at 1395 Spice Island Drive in Sparks.

Retail

Sierra Shopping Center, Susanville: Robert Dean E.V.P of the Sacramento Grubb & Ellis office and Tad Loran of the Reno Grubb & Ellis|NCG office have been awarded the lease listing of the 150,000 square foot Sierra Shopping Center located on Main Street in Susanville, CA. There are two suites available totaling 3,000 square feet. The center is anchored by Safeway, Rite Aid, Ace Hardware, Taco Bell and Starbucks.

Office

1650 Lucerne: Gary Moreira of Grubb & Ellis|NCG was awarded the lease listing of Class A Office Space located on 1650 Lucerne in Minden. The building consists of 10,255 square feet with 200 to 5,000 square feet available.

Please contact Erin Warren for more information.

Grubb & Ellis|NCG, an independently owned and operated full-service commercial real estate firm founded in 1996, specializes in office, retail, industrial, land, investment and multi-family properties. Through comprehensive consulting services, Grubb & Ellis|NCG develops strategic solutions backed by extensive knowledge of the local community and nationally certified market professionals. Multi-level solutions for businesses include commercial brokerage, consulting, tenant and landlord representation.

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 www.grubb-ellis.com.