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ORLANDO, FL—Griffin Industrial Realty continues to make inroadsin the local industrial market with this week's announcement thatit had recently entered into two separate purchase and saleagreements with different sellers to acquire industrial/warehousebuildings. The properties are approximately 108,000 square feet andapproximately 68,000 square feet, respectively.
Griffin says it intends to finance the purchase of these twobuildings using its line of credit for acquisitions and cash onhand. Closings on these two purchases are each subject to thesatisfactory completion of due diligence by Griffin, according tothe firm. The larger of the two buildings is fully leased, whereasthe smaller building is mostly vacant.
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