2018 Press Releases

June 11, 2018

Griffin Capital Essential Asset REIT Hits Milestone with Payment of its May Monthly Distribution

“This payment history milestone is a testament of the REIT’s commitment to providing robust and durable income to our shareholders,” said Kevin Shields, Chairman and Chief Executive Officer of Griffin Capital. “The payment also validates our strategy of purchasing office and industrial properties that we believe are essential to creditworthy tenants.”

May 16, 2018

Griffin Capital Essential Asset REIT Reports 2018 First Quarter Results

We are pleased with our results, which reflect not only continued favorable market conditions, but also the strength of our value creation strategy, and the discipline we bring to bear in its implementation,” said Kevin Shields, Chairman and CEO of the REIT. “Our unique expertise as veteran operators, as well as acquirers, of complex commercial real estate positions us to deliver effectively on our objectives of generating stable income and long-term capital appreciation for the REIT’s shareholders. Looking ahead, we are excited about continued opportunities to drive value through careful acquisitions and dispositions of assets within our portfolio, with an ongoing emphasis on the highest quality properties in fast-growing metropolitan markets across the country.”

May 07, 2018

Griffin Capital Essential Asset REIT Completes Acquisition of The Shaw Distribution Center - Northport Building C

Commenting on the acquisition, Eric Kaplan, Griffin Capital’s Managing Director – Acquisitions, stated, “The acquisition of the Shaw Distribution Center presented the opportunity to add a state-of-the-art, Class “A” industrial asset to our expanding portfolio. This property is strategically located near the Port of Savannah, one of the fastest growing ports and fourth largest in the country. The combined factors of the long lease commitment, solid tenant credit characteristics, and the fact that Savannah is the sole point of entry for the tenant on the East Coast, made this an attractive investment for the REIT and its shareholders.”

April 12, 2018

Griffin Capital Essential Asset REIT Completes Acquisition of McKesson Scottsdale Campus

The Property was owned and developed by Ryan Companies US, Inc. as a build-to-suit for McKesson Corporation, which leased the Property for an initial term of approximately 10 years, expiring on February 28, 2028. The seller was represented by Chris Toci, Chad Littell, Greg Mayer and Jim Wilson of Cushman & Wakefield.

March 20, 2018

Griffin Capital Essential Asset REIT Completes Acquisition of Quaker Sales and Distribution Facility

Griffin Capital Company, LLC (“Griffin Capital”) announced today on behalf of Griffin Capital Essential Asset REIT, Inc. (the “REIT”), the acquisition of the Quaker Sales and Distribution facility (the “Property”) at a purchase price of $59.60 million.

March 20, 2018

Griffin Capital Essential Asset REIT Reports 2017 Results

“We are proud of our 2017 results,” said Kevin Shields, Chairman and CEO of the REIT. “As we remain focused on our goals of delivering stable income and long-term capital appreciation through focused acquisitions and dispositions, along with our disciplined management of top properties in fast-growing metropolitan markets, we believe the REIT remains positively positioned for the future.”