March 12, 2020

NEW YORK, NEW YORK (March 12, 2020) Griffin Industrial Realty, Inc. (NASDAQ: GRIF) ('Griffin') announced 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.

About Griffin

Griffin is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/warehouse properties. Griffin currently owns 42 buildings totaling approximately 4.6 million square feet (approximately 4.2 million of which is industrial/warehouse space) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.

Contact:

Anthony Galici
Chief Financial Officer
(860) 286‐7660

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Disclaimer

Griffin Industrial Realty Inc. published this content on 12 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2020 13:52:05 UTC