Workspace Property Trust completed the acquisition of a six class A suburban office buildings from Griffin Realty Trust for $170m.

Workspace Property Trust, a privately held, vertically integrated, full-service commercial real estate company, completed the acquisition of six class A suburban office buildings from Griffin Realty Trust, an internally managed, publicly registered non-traded real estate investment trust, for $170m. “In the post, post-pandemic environment where millions of Americans want to work closer to home, with short commutes, more affordable housing, and better schools, coupled with the benefits of fully-amenitized and flexible offices, we know that high-quality suburban office properties are the clear solution for corporations looking to provide a safe, accessible, flexible, lifestyle-oriented, and community-based environment for their employees. The integration of the newly-acquired properties within our national footprint has gone extremely well and we will continue to invest in our properties, our tenant relationships, our brand and in new innovations to deliver the highest quality experience to each of our tenants and their employees,” Thomas A. Rizk, Co-Founder, Workspace President and COO.