The institutional grade office building is situated on nearly 24 acres and includes a surface lot with 995 parking spaces. It is 96% leased by numerous tenants, including JP Morgan Chase, Bechtel Power and Science Applications International Corp.

This is the first transaction of the program, which launched earlier this year, according to Jeff Hanson, president of Grubb & Ellis Realty Investors. "This unique new investment platform has already secured commitments for approximately $182 million in equity that is currently being deployed into new commercial real estate acquisitions on behalf of Wealth Management participants," he says. The Wealth Management program allows participants--which can include not only high net worth individuals, but also entities and corporations--to invest in real estate through a passive, sole-ownership vehicle managed from initial deal sourcing through ultimate disposition.