2020 Press Releases

August 12, 2020

Griffin Capital Essential Asset REIT Reports 2020 Second Quarter Results

Collected 99% of contractual rent due during the quarter and approximately 100% during July Signed 191,300 square feet of leases during the period with a weighted average lease term of over 10 years

July 08, 2020

Griffin Capital Essential Asset REIT Sells Office Building in Simi Valley, California

1800 Tapo Canyon, which is 100 percent leased to a Fortune 100 financial services company (the “Tenant”) through December 2020, was sold on June 30, 2020 for $24.5 million. The Tenant had previously announced it planned to vacate the Property upon lease expiration.

May 13, 2020

Griffin Capital Essential Asset REIT Reports 2020 First Quarter Results

“We are pleased with our first quarter operating results and our rent collections over the last two months. We are cautiously approaching our path forward in light of the current global health crisis and its impact on the U.S. economy,” said Michael Escalante

March 05, 2020

Griffin Capital Essential Asset REIT Reports Fourth Quarter and Year Ended December 31, 2019 Results

“2019 was a transformative year with the completion of our merger in April to grow into a $4.6 billion internally managed REIT while continually demonstrating our experience as operators of real estate with robust leasing activity and accretive capital transactions. These achievements will meaningfully contribute to our future performance and provide a solid example of our proactive approach to managing net lease real estate.”

February 12, 2020

Griffin Capital Essential Asset REIT Acquires Industrial Building in Winston-Salem, North Carolina for $34.9 Million

The REIT purchased the Property for approximately $34.9 million as part of a 1031 exchange associated with the recent sale of a property located in West Jefferson, Ohio.