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Griffin Realty Chooses Industrial Over Office Properties As It Prepares for Spin-Off

Company Intends To Become Publicly Traded REIT

Griffin Realty Trust will hold mostly industrial properties such as its 3M warehouse in DeKalb, Illinois, as it sells off its office holdings. (CoStar)
Griffin Realty Trust will hold mostly industrial properties such as its 3M warehouse in DeKalb, Illinois, as it sells off its office holdings. (CoStar)

In a bid to become a publicly traded real estate investment trust, nontraded REIT Griffin Realty Trust plans to jettison most of its office buildings to hold primarily industrial properties.

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