The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 22, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Griffin Capital Essential Asset REIT Buys 100k sf Tucson Facility

8/07/15

Griffin Capital Essential Asset REIT II Inc recently acquired a 100.3k sf facility in Tucso, AZ that is fully leased by Aetna Life Insurance Company in a sale/leaseback deal with Aetna. Aetna has an investment-grade credit rating of 'AA-' from S&P and is an affiliate of one of the nation's leading diversified health care benefits companies.

As part of the transaction, Aetna executed a new 10-year lease at the property with annual base rental rate increases of 3.0% and no termination or contraction options. The tenant and its affiliates have been an occupant at the property since it was constructed as a build-to-suit in 2001.

The seller was represented by Cushman & Wakefield's Boston office with local support from Cushman & Wakefield's Tucson affiliate, Picor Commercial Real Estate Services. The price was not disclosed.





Return to the Archive page
 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media