BEAVERCREEK, OH-Griffin Capital NetREIT Inc. has purchased two office buildings in the Midwest for $32.6 million.
The trust bought a recently built three-story
The Griffin trust also purchased the North American corporate headquarters of Zeller Plastik USA in Libertyville, Ill. for $15.6 million. The Plastikis a 194,000-square-foot single-story manufacturing and warehouse facility leased to Zeller, a producer of plastic closures and packaging components for food, beauty and beverage products for companies such as PepsiCo, Proctor & Gamble and Clorox. The complex is within the Lincoln Commerce Center business park.
David Rupert, president of the trust, said Griffin likes to buy properties, in the“due to the broadly diversified economy, strong manufacturing base and distribution warehouse infrastructure, but what really attracted us to these two opportunities is the strength of the tenants and how essential the properties are to each tenant's businesses."