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: TechAgreements

GC Net Lease Reit Acquires Quad/Graphics Printing Facility

By TechAgreements

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Kevin Shields, CEO of Griffin, commented: "the reason we secured such a great price advantage was due to our ability to act quickly and close by year end." The acquisition closed on December 30, 2010, just two weeks after going under contract on December 17, 2010. "Our capitalization or 'cap' rate is north of 10%, which, on a leveraged basis, generates a cash on cash return to the REIT of over...

Full post as published by TechAgreements on January 06, 2011 (boomark / email).

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