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REDWOOD CITY, CA-Griffin Capital of Los Angeles has added afourth property to its Bay Area holdings with the $24-millionacquisition of the headquarters of DPR Construction. Thetransaction is a tenant-in-common deal in which Griffin has leasedback the building to DPR.
The new Griffin acquisition is a three-story, 53,000-sf buildingat 1450 Veterans Blvd. Griffin bought the property from DPR'sfounding shareholders and leased it back in a long-term triple-netlease.
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