Griffin Secures $110M Refinancing For 5-Office Portfolio

Law360, New York (February 5, 2014, 1:19 PM EST) -- Griffin Capital Corp. has secured $110.64 million in financing for its five-property office and industrial portfolio in New Jersey, North Carolina, Ohio, Texas and Arizona, HFF LP, which arranged the financing, announced Tuesday.

The 15-year, 4.96 percent, nonrecourse loan was made to Griffin Capital and five single-purpose borrowing entities, which are wholly owned by Griffin Capital Essential Asset REIT Inc., by two unnamed life insurance companies.

“The strong sponsorship, quality of assets, and the credit of the tenants made this an attractive opportunity to the debt...
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