Griffin Capital Essential Asset REIT II to Buy Four Buildings for $205 Million

Griffin Capital Essential Asset REIT II, a publicly registered non-traded real estate investment trust, entered into a series of purchase agreements to buy four properties for $205 million, plus closing costs and acquisition fees, from various unnamed sellers.

The properties include:

• A yet to-be-built, single-story, Class A fulfillment center located in Etna, Ohio which will be leased in its entirety to Amazon.com.dedc LLC for a purchase price of approximately $88.9 million

• A four-story, Class A office building located in Durham, North Carolina and leased in its entirety to Toshiba Tec Corporation for a purchase price of approximately $35.9 million

• A yet to-be-built, single-story, Class A industrial facility located in North Charleston, South Carolina and leased in its entirety to WABCO North America LLC for a purchase price of approximately $13.8 million

• A yet to-be-built, single-story, Class A distribution warehouse located in DeKalb, Illinois and leased in its entirety to 3M Company for a purchase price of approximately $66.4 million.

Griffin Capital Essential Asset REIT II, Inc. is a publicly registered non-traded REIT with a portfolio, as of October 1, 2015, of 19 office, industrial, data center, and distribution buildings totaling approximately 3.2 million rentable square feet and asset value of approximately $479 million. As of November 2, 2015, the company had raised approximately $238.8 million in investor equity.