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Griffin Capital Essential Asset REIT II Acquires Toshiba Global Commerce Solutions Corporate Headquarters in Durham, North Carolina

February 12, 2016

(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.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

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