EL SEGUNDO, CA—Griffin Capital Corp. says its Griffin Capital Net Lease REIT, Inc., has acquired a 157,000 square-foot, Class A office building located in Greenwood Village, Colorado for $27 million. The Property is 100% leased to Comcast Cable Holdings, LLC, a wholly-owned subsidiary of Comcast Corporation pursuant to a triple-net lease with an approximate nine-year remaining term. Comcast Corporation is one of the world's leading media and entertainment.

Situated adjacent to the Denver Technological Center, the Property was originally developed in 1980 and substantially renovated in 1998. The extensive renovation features many specialized and above-standard improvements including redundant back-up power systems and HVAC equipment, as well as a five-level, 550-stall shared parking structure.

The parking garage is located on an adjacent parcel that was sold separately and simultaneously with another office building. To ensure the right to use the parking facility in perpetuity, Griffin Capital negotiated and executed a reciprocal parking easement allowing for the use of approximately one-half of the stalls in the parking garage.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.