Major Connecticut commercial landlord Griffin Industrial Realty Inc. has completed its first equity capital raise in its more than two-decade history, raising approximately $27.2 million, officials say.
Griffin Industrial Realty, one of Connecticut's leading commercial landlords, restored fiscal third-quarter profits to black, largely due to a bigger rent stream from its warehouse properties in Greater Hartford and in Lehigh Valley, Pa.
The 34-year-old Windsor Locks foreign trade zone in the shadow of Bradley International Airport has been expanded to include select lands in the five counties surrounding the facility — Hartford, Litchfield, Middlesex, Tolland and Windham.
Bloomfield's Griffin Industrial Realty Inc. has plucked $18 million in equity from a portion of its New England Tradeport property, money being used for operations and to finish tradeport tenant improvements.
Major Connecticut landlord Griffin Land & Nurseries Inc. says the tenant for its Florida landscape nursery intends to invoke its option to pay $4.1 million for the property.