(GLOBE NEWSWIRE) — Griffin Capital Corporation (“Griffin Capital”) announced today, on behalf of Griffin Capital Essential Asset REIT II, Inc. (the “REIT”), the acquisition of the 200,846-square-foot Toshiba Global Commerce Solutions Corporate Headquarters (the “Property”) located in Durham, North Carolina. The four-story, Class A office building is leased in its entirety to Toshiba TEC Corporation (the “Tenant” or “Toshiba TEC”) through April 2028, and is subleased to Toshiba Global Commerce Solutions, Inc., a subsidiary of the Tenant. The Property serves as the corporate headquarters for Toshiba Global Commerce Solutions, which was created when Toshiba TEC acquired IBM’s Retail Store Solutions business for $850 million in 2012. Toshiba Global Commerce Solutions is a leading supplier of retail point-of-sale systems and integrated in-store solutions for retailers globally.
Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!