Grubb & Ellis Company Announces Recent Transactions

Posted by New Jersey Real Estate

June 24, 2008

Grubb & Ellis (06/20/2008) - PHILADELPHIA (June 16, 2008) - Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced the following transactions: LEASES

Lessor: PREIT Services, LLC Lessee: Louise Haneman, M.S.W. Description: 410-square-foot office lease renewal Location: One Cherry Hill, Cherry Hill, N.J. Representatives: Anne Klein and Patricia Winton of Grubb & Ellis represented the lessor.

Lessor: PREIT Services, LLC Lessee: City Power Marketing, LLC Description: 1,291-square-foot office lease extension Location: One Cherry Hill, Cherry Hill, N.J. Representatives: Anne Klein of Grubb & Ellis represented the lessor.

Lessor: Gateway Park, LLC Lessee: GrayHair Software, Inc. Description: 3,665-square-foot office lease renewal and 4,348-square-foot office lease expansion Location: Gateway Business Park, 124 Gaither Drive, Mt. Laurel, N.J. Representatives: Anne Klein of Grubb & Ellis represented the lessor.

Lessor: Gateway Park, LLC Lessee: Insurance Office of America Description: 8,478-square-foot office lease extension Location: Gateway Business Park, 521 Fellowship Road, Mt. Laurel, N.J. Representatives: Anne Klein of Grubb & Ellis represented the lessor.

Lessor: Cherry Hill Commerce Center Associates, L.P. Lessee: Synerfac, Inc. Description: 1,873-square-foot office lease expansion Location: 1820 Chapel Ave., Cherry Hill, N.J. Representatives: Anne Klein of Grubb & Ellis represented the lessor.

Lessor: Cherry Hill Commerce Center Associates, L.P. Lessee: Hagner & Zohlman, LLC Description: 2,978-square-foot office lease expansion Location: 1820 Chapel Ave., Cherry Hill, N.J. Representatives: Anne Klein of Grubb & Ellis represented the lessor.

Lessor: E. Kahn Development Corp. Lessee: Landmark Engineering Description: 2,378-square-foot office lease renewal Location: 940 West Valley Road, Wayne Representatives: Elaine Battaglia of Grubb & Ellis represented the lessee.

Lessor: Brandywine Realty Trust Lessee: Mutual of Omaha Insurance Company Description: 3,952-square-foot office lease expansion Location: 610 W. Germantown Pike, Plymouth Meeting Representatives: Kurt Ramick and Matt Devine of Grubb & Ellis represented the lessee.

Lessor: Ten Penn Center Associates, L.P. Lessee: Hatzel & Buehler, Inc. Description: 2,198 square feet of office space Location: 1801 Market St. Representatives: Jack Soloff and Wayne Fisher of Grubb & Ellis represented the lessor. Mike Brown of Thomas Realty Partners represented the lessee.

Lessor: Philadelphia Management Company Lessee: Schwartz Breecher & Cohen MD Description: 3,476 square feet of office space Location: 1015 Chestnut St. Representatives: Jim Egan and Jeff Tertel of Grubb & Ellis represented the lessor. Bill Finnegan of GVA Smith Mack represented the lessee.

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