Iteris Leases Office Space at Freeway Corporate Park in Santa Ana for Corporate HQ

ANAHEIM, Calif.--(BUSINESS WIRE)--June 13, 2007--Iteris, Inc., a leader in machine vision technologies and Intelligent Transportation Systems that optimize traffic flow and enhance driver safety and Grubb & Ellis Company (NYSE: GBE), one of the leading providers of integrated real estate services, today announced that Iteris, Inc. has leased 52,116 square feet of office space at Freeway Corporate Park in Santa Ana, California for its corporate headquarters. Terms of the seven-year lease were not disclosed.

"We are excited about our move to the Freeway Corporate Park," said Abbas Mohaddes, CEO of Iteris, Inc. "It is an attractive building with good access to freeways and is well suited to meet our needs. We will gain space efficiency and expect our facility costs to decrease when compared to our existing Anaheim lease. The building's close proximity to our current location provides easy access for our customers and associates. We also appreciate ownership's cooperation in helping us tailor the facilities to meet the unique requirements of all of our Intelligent Transportation Systems business segments."

Freeway Corporate Park, which is owned and managed by Irvine-based Crown Realty & Development Corporation, is being marketed for lease by Robert Caudill, Matt Didier and Travis Beardslee of Grubb & Ellis. The project is comprised of two 2-story office buildings totaling approximately 130,000 square feet.

"We are delighted to be able to attract quality tenants like Iteris to Freeway Corporate Park," said Robert Flaxman, CEO of Crown Realty & Development. "We welcome this forward thinking company to the project and look forward to a long-term relationship with their organization."

Iteris is slated to occupy its new space at 1700 E. Carnegie Avenue in September 2007. The company will be relocating from Anaheim. With the signing of Iteris, the 78,964-square-foot building is now 100 percent leased, according to Caudill. Iteris was represented in the transaction by Rick Sherburne, Alex Hayden and Travis Boyd of Cushman & Wakefield. "We toured and negotiated with several other building owners before selecting the 1700 E. Carnegie building. Crown Realty really listened to our client's unique objectives and responded with solutions that helped make the deal come together. Crown Realty has assembled a quality leasing and management team," said Sherburne.

The other building in the project, a 52,800-square-foot building at 2501 Pullman Ave. offering freeway frontage sign rights, will be available for lease in January 2008, Caudill noted.

Iteris, Inc.

Iteris, Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. Iteris is headquartered in Anaheim, California. Investors are encouraged to contact us at 714.774.5000, or at www.iteris.com.

Crown Realty & Development

Founded in 1994, Crown Realty & Development is a private company focused on creating and adding value through the development, redevelopment and professional management of real estate. The portfolio of properties owned by Crown and its affiliates exceeds $600 million in value, all developed or repositioned internally. Crown's expertise includes complex urban design and planning, development, construction management, and entitlement processing. With a focus on Southern California and Arizona, the company has management offices in Irvine, Beverly Hills, Burbank and Paradise Valley, Ariz.; and is currently in the planning and redevelopment of Paradise Valley's Mountain Shadows. Crown's principals have developed more than four million square feet of office and retail space over the past two decades. www.crowndev.com

Grubb & Ellis Company

Grubb & Ellis Company is one of the world's leading full-service commercial real estate organizations, providing a complete range of transaction, management and consulting services. By leveraging local expertise with our global reach, Grubb & Ellis offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout the globe. For more information, visit the Company's Web site at www.grubb-ellis.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "can" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the expected and anticipated benefits of, and timing of relocation to, our new facility. These statements are subject to change and we undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to the timing ofons and specific conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward looking statements, is contained in our Ann Reports on Form 10-Q, our Current Reports on Form 8-K and our other SEC filings that are available through the SEC's website (www.sec.gov).