Griffin Capital REIT Drops $92M On Colo. Office Tower

Law360, New York (January 31, 2014, 4:49 PM EST) -- A real estate investment trust of Griffin Capital Corp. has paid $92 million for an approximately 430,000-square-foot Class A office building in Westminster, Colo., that will eventually serve as the headquarters for earth imaging technology firm DigitalGlobe Inc., Griffin announced Friday.

Griffin Capital Essential Asset REIT Inc. acquired the four-story office building, located outside of Denver, for about $214 per square foot and the property is fully leased to the seller, Avaya Inc., through June 30, 2015, Griffin said in a statement.

DigitalGlobe will take occupancy...
To view the full article, register now.