Deal Snapshot
GRIFFIN CAPITAL ESSENTIAL ASSET REIT ACQUIRES NORTH CAROLINA INDUSTRIAL BUILDING
Friday 14 February 2020

California-based Griffin Capital Essential Asset REIT, Inc. has acquired a Winston-Salem, North Carolina industrial property with 526,320-square-feet that serves as a distribution centre for PepsiCo products and a production facility for Aquafina water, the company said.
The REIT purchased the property for approximately USD 34.9m as part of a 1031 exchange associated with the recent sale of a property located in West Jefferson, Ohio.


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Details
Date Published: 14/02/2020
Target: Winston-Salem, North Carolina industrial property
Country: USA
Deal Size: 34.9m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Griffin Capital Essential Asset REIT, Inc
Comment:
Terms of the deal were not disclosed

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