Grubb & Ellis Represents STG Inc. in 100,000-SFt Headquarters Relocation and Expansion in Reston, VA

TYSONS CORNER, VA (Aug. 24, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented STG, Inc. in the lease of 100,000 square feet of office space at 12011 Sunset Hills Road in Reston from Boston Properties.

The lease represents a headquarters’ relocation and expansion for the leading enterprise solutions and information technology provider.

Founded in northern Virginia, STG was previously located in an 86,000-square-foot sublet at Plaza America. Warren Amason, (top right photo)  executive vice president, and Chad Arnold (top left photo), vice president, both in the Office Group, represented STG. Boston Properties was self-represented.

The sublease was due to expire in December 2011, but with rents declining steadily over the past three years and concessions rising, it made sense to go to the market early.

One of the few silver linings in the economic downturn for business owners is that office rents have fallen, and this is an excellent time to lock in low rates for many years.

“This was an excellent opportunity for STG to capitalize upon market conditions to enhance the quality of its space at very aggressive lease rates,” said Amason. “This is a classic example of ‘flight to quality’ during an economic retreat.”

Arnold added, “This was a package with tremendous value, including Toll Road signage, top floor views, high-quality existing build-out, great vehicular access, strong ownership, and walking distance to the rich amenity base at Reston Town Center.”

“While we are delighted to have the lease in place we will continue to support STG through design and construction, so there is still a lot of work yet to do,” said Amason.

The brokers will continue to work with STG in the coming months to facilitate the occupancy process by assisting with architect and contractor interviews and participating in design and construction meetings.

Contact:

Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com

Deborah Perry Joins Grubb & Ellis Company as Senior Vice President, East Bay Retail Group Leader

WALNUT CREEK, Calif. (Aug. 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Deborah Perry (lower left photo) , CSM, has joined the company as senior vice president, East Bay Retail Group Leader.

Joining from Colliers Parrish International, where she was named the Top Retail Broker in 2009, Perry will lead Grubb & Ellis’ retail team in the East Bay. She will also be a member of the company’s Retail Agency and Retail Tenant Representation practice groups.

“Deborah has established herself as one of our market’s leading retail professionals, and I couldn’t be more pleased that she has chosen to be part of our team.” said Edward Del Beccaro, (bottom right photo)  executive vice president and managing director of Grubb & Ellis’ Walnut Creek office.

“We are focused on building the best commercial real estate services team in the Bay Area, and that starts with attracting professionals like Deborah.”

Deborah’s addition is consistent with Grubb & Ellis’ strategy to substantially upgrade the company’s capabilities throughout the region, especially in the retail sector.

 Perry is one of seven retail brokers who are new to the company within the past six months. Since January 2010, eight professionals, specializing in office, retail and investment, have joined the company’s Walnut Creek office and 32 have joined the company overall in the Bay Area.

Perry spent 11 years at Colliers Parrish International, as a senior vice president.
Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com