Grubb & Ellis Company Announces Recent Transactions
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Grubb & Ellis Company Announces Recent Transactions

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PHILADELPHIA (May 1, 2008) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced the following transactions: LEASES Lessor: Crown Two Penn Center Associates Lessee: Marlin Leasing Corporation Description: 3,524 square feet of office space Location: 1500 John F. Kennedy Blvd. Representatives: Anne Klein, Jim Egan and Jeff Tertel of Grubb & Ellis represented the lessee. Matt Frederick of PernaFrederick Commercial Real Estate represented the lessor.

Lessor: Stockton Real Estate Advisors Lessee: Luminent Mortgage Capital, Inc. Description: 6,556 square feet of office space Location: 1515 Market St. Representatives: Matt Guerrieri, Craig Scheuerle and Jack Soloff of Grubb & Ellis represented the lessee.

Lessor: PA-1601 Market Street L.P. Lessee: Accu Personnel Description: 1,000-square-foot office lease renewal Location: 1601 Market St. Representatives: Jack Soloff, Craig Scheuerle and Matt Guerrieri of Grubb & Ellis represented the lessor.

Lessor: Philadelphia Management Company Lessee: Thomas Jefferson University Description: 5,000 square feet of office space Location: 1015 Chestnut St. Representatives: Jim Egan and Jeff Tertel of Grubb & Ellis represented the lessor.

Lessor: Philadelphia Management Company Lessee: Thomas Jefferson University Description: 3,199 square feet of office space Location: 1015 Chestnut St. Representatives: Jim Egan and Jeff Tertel of Grubb & Ellis represented the lessor.

Lessor: BPG, Ltd. Lessee: Catholic Health East Description: 8,906-square-foot office lease expansion Location: 3805 West Chester Pike, Newtown Square Representatives: John Perkins and Jim Dugan of Grubb & Ellis represented the lessor.

Lessor: BPG, Ltd. Lessee: Grubb & Ellis Company Description: 8,107-square-foot office lease extension Location: 455 South Gulph Road, King of Prussia Representatives: John Perkins, Jim Dugan and Elaine Battaglia of Grubb & Ellis represented both the lessor and the lessee.

Lessor: Grubb & Ellis Realty Investors Lessee: John Templeton Foundation Description: 14,651-square-foot office lease expansion Location: 300 Conshohocken State Road, West Conshohocken Representatives: John Perkins, Jim Dugan and Elaine Battaglia of Grubb & Ellis represented the lessor.

Lessor: Liberty Property, L.P. Lessee: OmniPoint Communications, Inc. Description: 13,723 square feet of office space Location: 1685 Valley Center Parkway, Bethlehem Representatives: Steve Bonge, Tim Brogan and Pat McBride of Grubb & Ellis represented the lessee.

Lessor: Buccini Pollin Group Lessee: Thermo Fisher Scientific, Inc. Description: 8,261-square-foot office lease expansion Location: 3411 Silverside Road, Wilmington, Del. Representatives: Joe Capodanno of Grubb & Ellis represented the lessee.

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