Item 7.01. Regulation FD Disclosure
On March 12, 2020, Griffin Industrial Realty, Inc. ("Griffin" or "Registrant")
issued a press release announcing that it closed on the acquisition (the
"Acquisition") of an approximately 68,000 square foot mostly vacant
industrial/warehouse building (the "Building") in Orlando, Florida, Griffin's
third industrial/warehouse property in Orlando. The Building's approximately
$5.7 million purchase price was paid in cash at closing using cash on hand.
Griffin entered the Orlando market when it purchased a fully leased
approximately 100,000 square foot industrial/warehouse building in October 2019
and subsequently acquired a fully leased approximately 108,000 square foot
industrial/warehouse building in February 2020. This Acquisition increases
Griffin's total real estate portfolio to 42 buildings aggregating approximately
4,639,000 square feet, with 91% of the square footage being industrial/warehouse
space.
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