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Griffin Capital Pays $15.9 Million for Exel's Distribution Facility in Groveport

Logistics Company Enters Sale Leaseback for Build-to-Suit
By Steffen Lubbe
July 23, 2015 | 6:28 P.M.

El Segundo, CA-based Griffin Capital Essential Asset REIT II bolstered its Midwest holdings after closing a sale leaseback deal with Exel to acquire the logistics company's recently completed distribution center at 6490 Commerce Ct. in Groveport, OH for $15.9 million, or approximately $51 per square foot.

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