GRIFFIN INDUSTRIAL REALTY, INC. (NASDAQ:GRIF) Files An 8-K Regulation FD Disclosure
Item 7.01.
Regulation FD Disclosure
On March 12, 2019 Griffin Industrial Realty, Inc. (“Griffin” or “Registrant”) issued a press release reporting that it leased approximately 7,000 square feet of previously vacant office/flex space in the three months ended February 28, 2019 (the “2019 first quarter”). As of February 28, 2019, Griffin’s twenty-five industrial/warehouse buildings aggregating approximately 3,645,000 square feet (89% of Griffin’s total portfolio) were 95% leased. Industrial/warehouse vacancy includes an approximately 134,000 square foot building in the Lehigh Valley of Pennsylvania that was built on speculation and completed in the fiscal 2018 fourth quarter. Griffin’s office/flex portfolio of approximately 433,000 square feet was 74% leased as of February 28, 2019. Griffin’s total real estate portfolio of approximately 4,078,000 square feet was 93% leased as of February 28, 2019 (96% leased excluding the recently completed 134,000 square foot Lehigh Valley industrial/warehouse building).
A copy of Griffin’s March 12, 2019press release is attached as Exhibit 99.1.
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Item 9.01. |
Financial Statements and Exhibits |
Exhibit 99.1:Registrant’s March12, 2019 Press Release (attached hereto).
GRIFFIN INDUSTRIAL REALTY, INC. Exhibit
EX-99.1 2 grif-20190312ex9919d675f.htm EX-99.1 grif_Current Folio_8K_Leasing_Exhibit_99.1 NEWS FROM: Exhibit 99.1 GRIFFIN INDUSTRIAL REALTY,…
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About GRIFFIN INDUSTRIAL REALTY, INC. (NASDAQ:GRIF)
Griffin Industrial Realty, Inc. (Griffin), formerly Griffin Land & Nurseries, Inc., is engaged in real estate business. The Company is principally involved in developing, managing and leasing industrial and commercial properties. It owns over 30 buildings consisting of approximately 3.0 million square feet. Approximately 86% of this square footage is industrial/warehouse space, with the balance principally being office/flex space. It leases approximately 89% of its industrial/warehouse space and approximately 85% of its office/flex space. Its commercial and industrial development is focused on NE Tradeport, an industrial park near Bradley International Airport, and Interstate 91, which is located in Windsor and East Granby, Connecticut. Its other commercial development in Connecticut is the combination of its buildings in Griffin Center in Windsor and Bloomfield, Connecticut, and Griffin Center South in Bloomfield. Its residential developments include Simsbury, Suffield and others.
