Workspace Property Trust (Workspace) announced it has purchased an additional one million square feet across six class A suburban office buildings in five separate high-growth markets across the country from Griffin Realty Trust Inc. (GRT) for $170.4 million, reinforcing its position as the preeminent national suburban office and light industrial, R&D and flex company in the US. Jordan Bock, founder of real estate investment firm Mason Capital, served as strategic advisor and partner to Workspace and the consortium in connection with this transaction, and continues to serve on the Board of Workspace. The six buildings – located in suburban Chicago, Dallas, San Jose, Cincinnati and Greensboro -- when combined with the existing Workspace portfolio, increase the size of the company's holdings to 19 million square feet with over 200 buildings in 23 major metropolitan markets in the US.

GRT will retain a minority ownership in the portfolio. UBS provided the debt financing. Workspace owns and operates suburban office buildings in 14 of the top 20 US metropolitan areas, including Atlanta, Philadelphia, Dallas, Charlotte, Tampa, Phoenix, Silicon Valley, South Florida, Houston, Portland, Seattle, Minneapolis, Chicago and St.

Louis. Approximately 40% of the Fortune 500 have headquarters in Workspace markets and nearly seven million square feet of the Workspace portfolio is leased by companies comprising the Fortune 1000.