SAN MATEO, CA--(Marketwire - November 3, 2009) - Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce that Marcus & Millichap Real Estate Investment Services has renewed its lease in the company's First Financial Plaza complex in Encino, CA.

With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap is the largest firm specializing in commercial real estate investment services in the nation. Since 1971, Marcus & Millichap has established itself as a leading and expanding investment real estate company with more transactions closed last year and in 2009 than any commercial real estate brokerage firm. Clearly, the company expects its industry leadership to continue, having penned a seven-year extension to lease 14,500 rentable square feet in two suites at the property.

First Financial Plaza is a six-story, 223,000 square foot multi-tenant office building with a four-level parking garage on 3.7 acres. Prominently located at the intersection of Ventura Boulevard and Balboa Boulevard, the property enjoys excellent access to the Ventura (101) and San Diego (405) freeways, and proximity to abundant area amenities, including numerous restaurants and retail establishments.

The agreement was overseen by Glenborough Regional Leasing Director David Peacock. For leasing information at First Financial Plaza, contact David at (949) 559-4100 or david.peacock@glenborough.com.

About Glenborough, LLC

Glenborough, LLC is a real estate investment and management company with over 30 years of industry experience. Formerly a NYSE listed real estate investment trust, the company returned to its private roots in 2006. Glenborough is focused on the acquisition, management, leasing and development of high quality office properties and currently has $2 billion of assets under management, including core, value add and development properties. The company's primary investment markets are Northern California, Southern California, Denver and Washington, D.C. For further information, visit www.glenborough.com.

Contact: Andrew Batinovich President and CEO Phone: 650.343.9300 e-mail: Email Contact Glenborough, LLC 400 South El Camino Real San Mateo, CA 94402-1708