Exhibit
99.1




|Grubb & Ellis Company

November 2008
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|Certain statements included in this announcement may constitute forward-looking statements regarding, among other
things, future revenue growth, market trends, new business opportunities and investment programs, synergies
resulting from the merger of Grubb & Ellis Company and NNN Realty Advisors, certain combined financial information
regarding Grubb & Ellis Company and NNN Realty Advisors, new hires, results of operations, changes in expense
levels and profitability and effects on the company of changes in the real estate markets. These statements involve
known and unknown risks, uncertainties and other factors that may cause the company's actual results and
performance in future periods to be materially different from any future results or performance suggested by these
statements. Such factors which could adversely affect the company's ability to obtain these results include, among
other things: (i) the slowdown in the volume and the decline in transaction values of sales and leasing transactions; (ii)
the general economic downturn and recessionary pressures on businesses in general; (iii) a prolonged and
pronounced recession in real estate markets and values; (iv) the unavailability of credit to finance real estate
transactions in general and the company's tenant-in-common programs, in particular; (v) the reduction in borrowing
capacity under the company's current credit facility, and the additional limitations with respect thereto; (vi) the
company's continuing ability to make interest and principal payments with respect to its credit facility; (vii) an increase
in expenses related to new initiatives, investments in people, technology and service improvements; (viii) the success
of current and new investment programs; (ix) the success of new initiatives and investments; (x) the inability to attain
expected levels of revenue, performance, brand equity and expense synergies resulting from the merger of Grubb &
Ellis Company and NNN Realty Advisors in general, and in the current macroeconomic and credit environment, in
particular and (xi) other factors described in the company's annual report on Form 10-K for the fiscal year ending
December 31, 2007 and in the company's quarterly reports on Form 10-Q for the quarters ended March 31, 2008,
June 30, 2008 and September 30, 2008 filed with the SEC.

Safe Harbor
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|Introduction



Who We Are



Strategic Plan Positioning Grubb & Ellis for Profitable and
Sustainable Growth and Success



The Right Board in Place: Independent, Experienced and

Committed to Enhancing Value



Thompson's Nominees are the Wrong Choice for Stockholders:

Offer Nothing to Grubb & Ellis



Conclusion and Recommendation



Appendix

Agenda
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|Introduction

Grubb & Ellis' Board and management team have a sound strategic plan in place and
are taking aggressive actions to increase productivity, reduce costs and position the
Company for profitable and sustainable growth and success



Grubb & Ellis has the right Board in place - independent, experienced and committed
to creating value for ALL stockholders



We believe Anthony Thompson is attempting to take control of Grubb & Ellis and
install Stuart Tanz as CEO with the intention to cause Grubb & Ellis to buy or absorb
Thompson's newly-formed company, Thompson National Properties, a direct competitor



Electing Anthony Thompson and his nominees would undermine important
business inroads the Company has made since his departure, and reverse the
constructive steps we have been taking to create value for all stockholders




Re-elect your independent and experienced Board members

by voting the WHITE proxy card
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|Grubb & Ellis

 at a Glance

   Founded

   1958



   Stock

   NYSE - GBE



   Revenue (1)

   $486.8 million



   Adjusted EBITDA (2)

   $27.5 million



   Footprint (includes affiliates)

   130 offices

   6,000+ employees

   1,800 brokers



   (At September 30, 2008)

   Assets under Management

   $6.7 billion; 30 states

   SF under Management

   226 million



Revenues for the nine months ended September 30, 2008.

See earnings press release dated November 6, 2008 as filed on Form 8-K with the SEC on November 12, 2008 for a complete reconciliation of adjusted EBITDA
to GAAP net income for the nine months ended September 30, 2008.

1031 Tenant-in Common (TIC) programs

Real Estate Investment Trusts

      (non-traded REITs)

Limited Liability Companies (LLCs)

Wealth Management

Institutional Funds

Joint Ventures

Capital Fund

Comprehensive real estate services
and investment management
program

More than 130 offices (including
affiliates) across the United States
and in partnership with a premier
network of international providers

6,000+ employees, including

1,800 brokers

Proprietary Market Research

Seamless Platform Integration

Highly Recognized Brand

50-year history

One of the most recognized
commercial real estate
brands

Investment Programs

Real Estate Services

Attractive Market Opportunity

Transaction Services

Management Services

Corporate Services

Investment Services

Consulting Services

Large, highly fragmented
industry

Substantial ongoing
consolidation

Unique market position

Who We Are
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|51% ownership with
opportunity to increase

to 78% over time

Plan a family of real

estate open and closed
end mutual and hedge
funds


Mutual Funds

Grubb & Ellis Alesco
Global Advisors

Recognized market
leader

More than $4.5 billion

of TIC assets under
management

Raised $152.9 million
YTD

Sponsor of

Tenant-in-Common

(TIC) 1031 exchanges


  Acquisition Fees

  Disposition Fees

  Finance Fees

Substantial Fee Income

Asset Management Fees

Property Management Fees

Broker-Dealer Fees

Grubb & Ellis Healthcare
REIT

Grubb & Ellis Apartment
REIT

More than $1.5 billion

of assets under
management

Raised $396.1 million YTD

Sponsor of SEC-registered
public non-traded REITs /
Funds

Placed $193.3 million

on behalf of high net
worth individuals &
corporations YTD

Wealth Management

Investment Management Platform
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|Grubb & Ellis Securities is registered with SEC, FINRA and all 50 states

Over $3.8 billion equity raised since 1998; raised approximately $761 million

in equity year-to-date through September 2008 as compared to $547.4
million through September 2007

More than $6.6 billion in assets under management at 9/30/08 as compared
to $5.4 billion at 9/30/07

More than 150 broker-dealer selling arrangements with over 35,000 financial
reps nationwide marketing Grubb & Ellis investment products.  Includes
some of the largest names in the industry:

LPL        9,800 (including affiliates)

Ameriprise     3,788

AIG          6,255 (including affiliates)

NPH       2,524 (including affiliates)


Investment Management
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|Among the nation's largest and most experienced commercial real estate
brokerage forces

More than 130 offices of which roughly one-half are owned

6,000 professionals

1,800 brokers, 800 in Grubb & Ellis-owned offices

$173.2 million of 2008 revenue year-to-date through September, as
compared to $218.7 million through September 2007

Provides a full range of commercial real estate brokerage services for
owners, occupants and investors

Comprehensive coverage - investment, office, industrial, retail, land and
multi-family

Select brokers have the opportunity to cross-sell through the investment
management platform

Transaction Services
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|Approximately 226 million square feet under management

180 million square feet third party property management

46 million square feet from investment management programs

2008 revenue year-to-date through September of $185.9 million as compared
to $158.0 million through September 2007

Won or renewed six major corporate services accounts during Q3 08

Kraft: 5 MSF portfolio throughout North America.  Largest FM contract in several
years, and the largest win ever for G&E.

MillerCoors: North American real estate services provider.

Ingersoll Rand: global real estate services provider with 1,000 properties and

46 MSF in North America, Europe, Middle East and Asia Pacific.

Wells Fargo: Home Mortgage corporate services provider.

Gateway: disposition of 750,000 SF HQ in N. Sioux City, S.D.

Microsoft 2007 Vendor of the Year award

Nearly one-third of all new assignments originate from existing clients

Deliver integrated real estate solutions to a growing list of corporate and
institutional clients through the Global Client Services Group


Management Services
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|We have taken aggressive actions to increase productivity, reduce costs and
position Grubb & Ellis for profitable and sustainable growth and success:

Raised $245 million of equity for investment programs in Q3 08 - an increase of 35%
over prior year; $761 million in total equity raised in 2008

Ranked 5th among all public non-traded REIT sponsors in total sales for Q3 08

Won or renewed six major corporate services accounts during Q3 08

Increased number of independent registered representatives selling our non-traded
Grubb & Ellis Healthcare REIT to 35,000 from 13,600

Industry's leading 1031 securitized tenant-in-common sponsor - increased market
share to 23% from 17%

Instituted Wealth Management Investment Platform - raised and placed $193 million
in equity YTD

Q3 and YTD 2008 revenue performance generally in line with industry peers

Our Strategy is Working
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|Strengthening capital structure

Achieved annualized cost savings in excess of $20 million for 2009 from NNN
Realty merger integration

Amended $75 million senior secured revolving credit facility with Deutsche Bank

Entered into definitive agreement to sell Danbury Corporate Center for $76 million

Exploring sale of other corporate owned real estate assets as a means to raise
capital and reduce debt



Strengthening management team

Since July 2008, added 30 senior-level brokerage professionals and eliminated
10% of underperforming sales professionals

In 2008, added 10 experienced executives in key management and operational
roles

Board currently undertaking comprehensive search for a permanent CEO

Our Strategy is Working (con't)
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|The market has been difficult for all publicly-traded

real estate services companies

Stock Performance Comparison
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|Committed and Engaged Board

Grubb & Ellis' Board is the right board to continue executing on the
Company's strategic plan and creating value for ALL stockholders

Active Board that Adds Value.  Board and management team have taken constructive
steps in 2008 to position the Company for success and create value for all stockholders



Independent Board with Depth of Experience.  Board is independent and has the
strategic depth, financial acumen, and industry expertise necessary to guide the
Company:

7 of 8 directors independent

Significant real estate industry experience

Extensive experience in public company leadership, finance, accounting, professional
services and government



Board's Interests Highly Aligned with Stockholders.  Board and management own in
the aggregate more than 25% of outstanding shares



Receptive Board Providing Strategic Guidance.  Board is open to the views of all
stockholders and actively engaged in building value and positioning the Company for
profitable growth
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|Grubb & Ellis' Director Nominees: Independent,

Experienced & Committed to Enhancing Value
   Directors Standing for Re-Election   Directors Standing for Re-Election
   Harold H. Greene
Director since December 2007
Audit Committee
Governance and Nominating Committee    40-year veteran of commercial and residential real estate lending industry
 Most recently served as Managing Director for Bank of America's California Commercial Real Estate Division
 Previously served as director of NNN Realty Advisors
 Currently serves as a director of Gary's and Company, Paladin Realty Income Properties and William Lyon Homes
   Devin I. Murphy
Director since July 2008    Managing Partner of Coventry Real Estate Advisors, LLC, a real estate private equity firm that has invested in excess of $2.5 billion of properties
 Served as Global Head of Real Estate Investment Banking at Deutsche Bank Securities from 2004 to 2007; Under his leadership, team executed over 500 separate transactions on behalf of clients representing total transaction volume exceeding $400 billion
 Prior to joining Deutsche Bank in 2004, Murphy was with Morgan Stanley & Co for 15 years, where he served as co-head of their U.S. Real Estate Investment Banking business and also served on the Investment Committee of the Morgan Stanley Real Estate Funds from 1994 until his departure in 2004
   D. Fleet Wallace
Director since December 2007
Audit Committee
Compensation Committee    Principal and co-founder of McCann Realty Partners, LLC, an apartment investment company; Since 2005, McCann has acquired 14 apartment communities totaling over 3,300 units in transactions valued at more than
$250 million
 Principal of Greystone Capital Management, LLC, formed in September 2001, and helps manage Greystone Fund, L.P.
 Previously served as director of NNN Realty Advisors
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|Grubb & Ellis' Board is the Right Board
   Other Directors   Other Directors
   Glenn L. Carpenter
Chairman of the Board since February 2008
Director since December 2007    Previously served as director of NNN Realty Advisors
 Chief Executive Officer, President and Chairman of FountainGlen Properties, LP since 2001, a privately held company in Newport Beach, California, that develops, owns and operates apartment communities for active seniors
 Serves on the Board of Directors for the School of Gerontology at the University of Southern California and is a council and executive board member of the American Seniors Housing Association
   Gary H. Hunt
Director since December 2007    Previously served as director of NNN Realty Advisors
 Managing partner of California Strategies, LLC since 2001, a held consulting firm that works with large homebuilders & real estate companies Serves on the Board of Directors of GlenAir Inc., The Beckham Foundation and William Lyons Homes
   C. Michael Kojaian
Director since December 1996
Compensation Committee
Governance and Nominating Committee    Served as Chairman of GBE's Board from 2002 - 2007
 President and sole stockowner of investment firm Kojaian Ventures, the managing member of Kojaian Ventures LLC, since 2000
   Robert J. McLaughlin
Director since July 2004
Audit Committee
Compensation Committee    Previously served as a director of the Company from 1994 to 2001
 In 1982 he founded The Sutter Group, a management consulting company that focuses on enhancing stockholder value
 Currently serves as The Sutter Group's President
   Rodger D. Young
Director since April 2003
Compensation Committee
Governance and Nominating Committee    Name partner of the law firm, Young & Susser, P.C., a boutique firm specializing in commercial litigation based in Michigan
 Chairman of the Bush Administration's Federal Judge and U.S. Attorney Qualification Committee
 Listed in the 2008 edition of Best Lawyers in America
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|Strong Corporate Governance

Board comprised of majority of independent directors (7 of 8)

Separate Chairman and CEO positions with independent Chairman

Audit, Compensation, Governance and Nominating Committees comprised of
independent directors

Independent directors meet in executive sessions without management

No "poison pill" in place

Directors subject to stock ownership requirement

Interests of the Board and management are closely aligned with those of

all stockholders: own in the aggregate more than 25% of outstanding shares

All equity compensation plans approved by shareholders

All directors have exemplary attendance

Annual director self-assessment
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|Setting the Record Straight about

Anthony Thompson's Self-Serving Campaign

We believe Thompson's true motivation is to appoint Stuart Tanz as CEO and
cause Grubb & Ellis to either buy or absorb Thompson National Properties

Dec 10,

2007

Jan 29

Jun 26

Jul 21

Oct 27

GBE/NNN merger
completed,
Thompson named
Chairman of GBE

Thompson resigns
from Board
effective 2/8

Apr 17

Thompson launches
Thompson National
Properties, direct
competitor of GBE

Thompson
requests re-
appointment to
Board

After careful
evaluation,
Board rejects
Thompson's
request

Thompson
begins proxy
fight to gain
control of
Company

2008

Tanz
eliminated
as a
candidate
from
search
process

Sept

5 independent
directors meet with
Thompson to
discuss request.
Thompson brings
Tanz as someone
who might be
interested in a role
at GBE

Jul 8

Aug

Tanz
formally
expresses
interest in
CEO
position
   January 2008:   Thompson resigned as Chairman and a director to start Thompson National Properties - a direct competitor of
Grubb & Ellis
   June 2008:   Thompson requested to be put back on Board; Governance and Nominating Committee carefully evaluated request and considered views of executives, employees, and third parties with whom the Company does business - key constituents did not view Thompson's serving on the Board as positive
   July 2008   Board unanimously concluded that Thompson's return was not in the best interests of the Company and its stockholders.  Of note, at this time, Board consisted of: four legacy NNN Realty directors, each of whom had been expressly approved by Thompson to serve on the NNN Board; three legacy Grubb & Ellis directors; and one new independent director, Devin Murphy, appointed on July 10, 2008
   August 2008   Through Thompson's introduction, Tanz formally expressed interest in permanent CEO position and was part of an initial screening by the Company's independent search firm
   September 2008   Tanz was eliminated as a candidate for the CEO position as he did not meet the Company's required qualifications
   October 2008   Thompson launches proxy fight
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|Thompson Offers Nothing

As CEO of a direct competitor, it is contrary to good corporate governance principles for
Thompson to serve on Grubb & Ellis' Board

Thompson resigned earlier this year as Chairman and a director of Grubb & Ellis to start
Thompson National Properties - a direct competitor of Grubb & Ellis

On October 10, 2008, Thompson's company announced that it had entered into an agreement
to form a venture with Argus Realty Investors, LP, a direct competitor of the Company's 1031
securitized tenant-in-common programs

On November 4, 2008, Thompson filed a registration statement with the SEC to sell a public
non-traded REIT that competes with the Grubb & Ellis public non-traded REIT platform

Properties controlled by Thompson continue to be in default on loans from the Company

Currently, one property remains in default on principal and interest payments of nearly $1
million and another is in arrears for expenses of over $300,000

Thompson continues to be a seller of the Company's stock

Since December 2007, Thompson has sold GBE stock on 16 separate occasions, sometimes
in multiple trades on the same day

Thompson's "strategic program" offers stockholders nothing that has not already been
implemented or considered by your Board and executive management and completely
ignores the realities of the current economic environment and real estate market

Reject Mr. Thompson and his self-serving proxy campaign
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|Stuart Tanz has his own agenda to become CEO of the Company and could be
a disruptive influence on the Board as we move to complete ongoing CEO
search process

Rejected as CEO candidate by CEO Search Committee in September 2008 as he did
not meet the Company's required qualifications

Having previously served as CEO of a public REIT that managed strip shopping
centers (before being sold in 2006) does not make him qualified to serve on the Board

Harold Ellis, 77, who founded the Company in 1958, resigned as CEO and as a
director of Grubb & Ellis in 1992

It has been 16 years since Mr. Ellis has had any involvement with the Company

Thompson's Nominees Offer Nothing

We strongly believe that the best interests of the Company and its stockholders

will not be served by electing Mr. Thompson, Mr. Tanz or Mr. Ellis
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|Committed to positioning Company for
profitable growth

Clear operational and financial
achievements

Experienced and respected by
employees, customers

Plan underway to drive growth and
success

Independent Board with relevant
expertise and committed to enhancing
value for all stockholders

Interests closely aligned with those of all
stockholders - own in aggregate more
than 25% of the outstanding shares

Grubb & Ellis' Board and

Management Team

Launched a direct competitor shortly after
resigning

Attempting to install one of his director
nominees, Stuart Tanz as CEO, who the
Board previously considered and rejected as
a CEO candidate

May cause Grubb & Ellis to buy or absorb his
fledgling company

Grubb & Ellis executives, employees and
other influential third parties did not view
Thompson serving as a director as positive

Offers no new ideas for stockholders

Remains in default on Company loans

Has been a seller of stock since he resigned

The Choice Is Clear

Thompson and His Hand-Picked
Nominees

We believe that electing Thompson and his nominees would be detrimental to
stockholders - it would undermine the important business inroads and

reverse the constructive steps we have been taking since Thompson's departure
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|Conclusion and Recommendation

PROTECT THE VALUE OF YOUR INVESTMENT.

VOTE "FOR" GRUBB & ELLIS' DIRECTORS

ON THE WHITE PROXY CARD

Grubb & Ellis' Board and management team have a sound strategic plan in place and
are taking aggressive actions to increase productivity, reduce costs and position the
Company for profitable and sustainable growth and success



Grubb & Ellis has the right Board in place - independent, experienced and committed
to creating value for ALL stockholders



We believe Anthony Thompson is attempting to take control of Grubb & Ellis and
install Stuart Tanz as CEO with the intention to cause Grubb & Ellis to buy or absorb
Thompson's newly-formed company, Thompson National Properties, a direct competitor



Electing Anthony Thompson and his nominees would undermine important
business inroads the Company has made since his departure, and reverse the
constructive steps we have been taking to create value for all stockholders
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