Grubb & Ellis Realty Investors Acquires Home Depot Property in Austell, Ga. for Wealth Management Investor

SANTA ANA, Calif., March 11 /PRNewswire/ -- Grubb & Ellis Realty Investors, LLC today announced the acquisition of the Home Depot property in Austell, Ga., on behalf of a private investor participating in the Grubb & Ellis Wealth Management program.

"The Home Depot building is located in one of the fastest growing locations in the metropolitan Atlanta area," said Jeff Hanson, President and Chief Investment Officer of Grubb & Ellis Realty Investors. "This acquisition provides the investor an attractive ground-lease opportunity to a strong investment-grade tenant with a long-term lease."

Located at the intersection of Floyd Road and the East-West connector in Austell, the single-tenant property has nearly 131,000 leasable square feet located on approximately 15 acres of land.

The Home Depot building sits in a major retail corridor across from East West Commons, a center anchored by a variety of shopping outlets including Target, Office Max and Old Navy.

The property is 100 percent leased to Home Depot.

The Wealth Management program provides high net-worth individuals, entities and corporations the opportunity to benefit from the potential advantages of real estate investment through a passive, sole-ownership vehicle that is professionally managed from initial deal sourcing through ultimate disposition. The Wealth Management program is open to all qualified investors seeking sole-ownership of a customized commercial real estate portfolio, whether it be comprised of a single property or a collection of diversified assets.

The Home Depot property was acquired from The Sembler Company, represented by Lori Schneider of Marcus & Millichap.

About Grubb & Ellis Realty Investors

Grubb & Ellis Realty Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company , a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $5.7 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 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.