Workspace Property Trust acquires additional 1msf across six class A suburban office buildings

A consortium led by Thomas A. Rizk and Roger W. Thomas, the founders of Workspace Property Trust, has purchased an additional 1 million square feet across six class A suburban office buildings in five separate high-growth markets from Griffin Realty Trust (GRT) for $170.4 million, reinforcing its position as the preeminent national suburban office and light industrial, R&D and flex company in the United States.

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 continues to serve on the Board of Workspace.

The six buildings — located in suburban Chicago, Dallas, San Jose, Cincinnati and Greensboro (N.C.) — when combined with the existing Workspace portfolio, increase the size of the company’s holdings to 19 million square feet with more than 200 buildings in 23 major metropolitan markets in the United States. GRT will retain a minori