Grubb & Ellis Realty Investors Sells Reserve at Maitland in Maitland, Fla.

SANTA ANA, Calif., June 19  /PRNewswire-FirstCall/ -- Grubb & Ellis Realty Investors, LLC today announced the disposition of Reserve at Maitland in the northern Orlando-suburb of Maitland, Fla., on behalf of tenant-in-common investors.  This is the 53rd securitized 1031 TIC exchange program taken full-cycle by Grubb & Ellis Realty Investors, an unrivaled industry record.

Located at 30, 65, and 70 Keller Road, Reserve at Maitland is comprised of three single-story, Class A office buildings that offer six tenant spaces with a combined rentable area of approximately 197,000 square feet.  Situated on approximately 9.5 acres, the property was completed in 2001 and offers a ratio of five parking spaces per 1,000 square feet for a total of 943.

Reserve at Maitland, originally purchased in August 2004, was sold to Flagler Development Group, represented by Daniel Finkle from Holliday Fenoglio Fowler, L.P.

About Grubb & Ellis Realty Investors

Grubb & Ellis Realty Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states. One of the nation's most active buyers and sellers of commercial real estate, Grubb & Ellis Realty Investors has completed acquisition and disposition volume totaling approximately $10.4 billion on behalf of program investors since its founding in 1998; more than 70 percent of this volume has been transacted since Jan.1, 2005.

Grubb & Ellis Realty Investors and affiliates are currently buying and selling properties throughout the United States, offering a full range of commercial real estate investment programs, including tenant-in-common (TIC) programs for investors structuring tax-deferred (like-kind) exchanges under Section 1031 of the Internal Revenue Code, non-traded public real estate investment trusts (REITs), multi-member limited liability companies (LLCs) and institutional investments.  Through the Grubb & Ellis Wealth Management program, Grubb & Ellis Realty Investors also offers high net worth investors a comprehensive program to build or expand their commercial real estate portfolio, whether their investment objectives are 1031 exchange driven or not. 

DATASOURCE: Grubb & Ellis Realty Investors, LLC



CONTACT:  Julia McCartney of Grubb & Ellis Realty Investors, LLC,

[phone], ext. 230, 



Web site:  http://www.grubb-ellis.com/ 



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