Griffin Industrial Realty has entered into two separate purchase and sale agreements with different sellers to acquire industrial, warehouse buildings of 108,000 s/f and 68,000 s/f, respectively, in Orlando, Florida.
The larger of the two buildings is fully leased, whereas the smaller building is mostly vacant. Griffin recently entered the Orlando market when it acquired a fully leased approximately 100,000 s/f industrial/warehouse building in October 2019.
Griffin intends to finance the purchase of the two buildings using its line of credit for acquisitions and cash on hand.
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January 23, 2020
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