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GRT Announces Sale of 41-Property Office Portfolio to Workspace Property Trust

Consortium Led by Founders of Workspace Property Trust Acquires Approximately Eight Million Square Feet Across 53 Class A Suburban Office Buildings from Griffin Realty Trust

Together with Current Workspace Portfolio, New Platform Becomes the Preeminent National Suburban Office and Light Industrial Company in the US With Approximately 18 Million Square Feet in 22 Major Metropolitan Areas

Establishes Workspace as the Preferred Commercial Real Estate Partner for the Fortune 1000

BOCA RATON, Fla.--(BUSINESS WIRE)--A consortium led by Thomas A. Rizk and Roger W. Thomas, founders, Workspace Property Trust (“Workspace”) today announced it has acquired approximately eight million square feet across 53 Class A suburban office buildings on 41 separate properties in high-growth markets across the country from Griffin Realty Trust, Inc. (“GRT”), establishing itself as the preeminent national suburban office and light industrial company in the US. Jordan Bock, founder of real estate investment firm Mason Capital, served as strategic advisor and partner to Workspace and the consortium in connection with this transaction, and will serve on the Board of Workspace.

The following statistics reflect GRT’s wholly owned portfolio following the closing of the Office Portfolio Sale.