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Griffin Capital To Pick Up 15 Properties Thru Merger of Signature Office REIT

Signature Office REIT has agreed to merge into Griffin Capital Essential Asset REIT creating an office and industrial REIT focused on business essential properties with a capitalization of $3 billion based on gross proceeds. The combined companies will have a portfolio of 69 properties in 21 states with strong occupancy and consisting largely of single-tenant, net lease office properties. Griffin Capital Essential Asset REIT is a publicly registered...