December 28, 2018

Griffin Capital Essential Asset REIT, Inc To Merge with Griffin Capital Essential Asset REIT II, Inc.

In addition, GCEAR announced it is now self-administered following the contribution of Griffin Capital Real Estate Company, LLC (“GRECO”) to GCEAR on December 14, 2018. The self-administration transaction provides immediate benefits to GCEAR shareholders, including a considerable reduction in the operating expenses of GCEAR; these benefits will extend to the combined company following the completion of the merger of GCEAR into GCEAR II. Shortly following the closing of the merger, GCEAR II, as the surviving entity, intends to conduct a tender offer for all shareholders of at least $100 million. Read More

Griffin Capital Essential Asset REIT Reports 2018 Third Quarter Results

November 14, 2018

“In the third quarter of 2018, we signed over 525,000 square feet of leases which includes three 10-year leases for approximately 267,000 square feet. We believe these actions demonstrate our continued ability to solidify our existing portfolio to offer value and generate consistent income to our shareholders,” said Kevin Shields, Chairman and CEO of the REIT. Read More

Griffin Capital Essential Asset REIT Reports Robust 2018 Leasing Activity

September 25, 2018

“This significant leasing activity demonstrates the management team’s creativity, tenacity and persistence in executing renewal, replacement and new lease transactions that both maintain and add value to the portfolio,” said REIT President and Chief Investment Officer Michael Escalante. Read More

Griffin Capital Essential Asset REIT Reports 2018 Second Quarter Results

August 15, 2018

“In the second quarter of 2018, we completed the 1031 exchange of the DreamWorks campus with acquisitions of the McKesson property in Scottsdale, AZ and the Shaw Industries facility in Port Wentworth (Savannah), GA,” said Chairman and CEO of the REIT, Kevin Shields. “We renewed five leases for approximately 1.8 million square feet, of which four leases totaling approximately 382,000 square feet were long-term extensions, and one lease for approximately 1.4 million square feet is a short-term extension. We believe these actions further solidify our existing portfolio of business-essential assets and puts us in a strong position to continue generating income for our shareholders.” Read More

Griffin Capital Essential Asset REIT Closes $125 Million Perpetual Preferred Private Offering Shares Purchased by Korean Trust

August 13, 2018

“After several months of relationship building, we could not be more pleased to have completed the first leg of this equity transaction,” said Kevin A. Shields, Chairman and Chief Executive Officer of the REIT. “It was a pleasure to work closely with Hana Financial and the teams at both NH and Shinhan and we hope this is the first in a series of transactions we can accomplish together.” Read More

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Ben Rosner

Associate Director

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Ben Rosner

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Finsbury
Ben Rosner

Associate Director

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Finsbury
Ben Rosner

Associate Director