Griffin Announces Fiscal 2019 First Quarter Leasing
March 12 2019 - 8:57AM
Griffin Industrial Realty, Inc. (Nasdaq: GRIF)
(“Griffin”) announced that it leased approximately
7,000 square feet of previously vacant office/flex space in
the three months ended February 28, 2019 (the “2019 first
quarter”). As of February 28, 2019, Griffin’s twenty-five
industrial/warehouse buildings aggregating approximately 3,645,000
square feet (89% of Griffin’s total portfolio) were 95% leased.
Industrial/warehouse vacancy includes an approximately 134,000
square foot building in the Lehigh Valley of Pennsylvania that was
built on speculation and completed in the fiscal 2018 fourth
quarter. Griffin’s office/flex portfolio of approximately
433,000 square feet was 74% leased as of February 28, 2019.
Griffin’s total real estate portfolio of approximately 4,078,000
square feet was 93% leased as of February 28, 2019 (96% leased
excluding the recently completed 134,000 square foot Lehigh Valley
industrial/warehouse building).
CONTACT:Anthony
GaliciChief Financial
Officer(860) 286-1307
Griffin Industrial Realty (NASDAQ:GRIF)
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