Grubb & Ellis|NCG Announces Recent Transactions

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 transactions:

Industrial

Greg Shutt, Industrial Vice President for Grubb & Ellis|NCG, represented the Tenant, ElectraTherm, Inc. in the lease of 53,109 square feet of industrial space located at 4750 Turbo Circle in Reno. The Landlord, ProLogis NA3 NV, was represented by Travis Durfee of ProLogis.

David Schuster, SIOR, CCIM, Industrial Senior Vice President for Grubb & Ellis|NCG, represented the Landlord, EP Silver Lake, LLC, in the lease extension of 25,255 square feet of industrial space located at 12085 Moya Boulevard in Reno. The Tenant, Herb Trade, Inc., was unrepresented in this transaction.

Greg Shutt, SIOR, Industrial Vice President, represented the Tenant, Kenco Logistics Services, LLC, in the Lease of 23,600 square feet of industrial space located at 755 Lillard Way, Suite 101 in Sparks. The Landlord, WDCI, Inc., was represented by Lance Faulstich of Trinity Commercial.

Chris Fairchild, Industrial Associate for Grubb & Ellis|NCG, represented the Landlord, Sapeta Trust, in the lease of 7,895 square feet of industrial space located at 5456 Louie Lane in Reno to CBN, Inc.

Office

John Pinjuv, SIOR, President for Grubb & Ellis|NCG, represented the Seller, Signature First, LLC on the sale of a 49,300 square foot office building located at 985 Damonte Ranch Parkway. The Buyer was represented by Pat Morrissey of Morrissey Realty. The property sold for $5,050,000 on December 18, 2009.

Don Welsh, CCIM, Office Vice President and Joel Fountain, Office Associate for Grubb & Ellis|NCG represented the Landlord, Parkway Partnership, LLC, in the lease of 2,222 square feet of office space located at 500 Damonte Ranch Parkway, Suite 657 B in Reno. The Tenant, Commerce Land Title, Inc. was represented by Ben Galles of Keller Realty.

Don Welsh, CCIM, Office Vice President and Joel Fountain, Office Associate for Grubb & Ellis|NCG represented the Tenant, Advantage Direct Communications, Inc. and Advantage, Inc., in the lease of 5,798 square feet of office space located at 745 Moana Lane, Suite 325 in Reno. The Landlord, Windsor West Ventures, LLC, was represented by Frederic Jayet and Ken Stark of Stark and Associates.

Don Welsh, CCIM, Office Vice President and Joel Fountain, Office Associate for Grubb & Ellis|NCG represented the Tenant, Schlumberger Water Services USA, Inc. in the lease of 3,461 square feet of office space located at 6590 S. McCarran Blvd in Reno. The Landlord, Egghart Living Trust, was represented by Kevin Annis of TD Realty Advisors.

For more information, contact Erin Warren with Grubb & Ellis|NCG at 775.332.2800 or visit www.NCGReno.com.

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.