UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
March 12, 2020
Date of Report (Date of earliest event reported)
GRIFFIN INDUSTRIAL REALTY, INC.
(Exact name of registrant as specified in charter)
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Delaware |
06-0868496 |
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(State or other jurisdiction of incorporation) |
(IRS Employer Identification No.) |
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(Commission File Number) |
1-12879 |
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641 Lexington Avenue, New York, New York |
10022 |
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(Address of principal executive offices) |
(Zip Code) |
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Registrant’s Telephone Number, including Area Code |
(212) 218-7910 |
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered or to be registered pursuant to Section 12(b) of the Act:
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Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
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Common Stock, $0.01 par value per share |
GRIF |
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 7.01. |
Regulation FD Disclosure |
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On March 12, 2020, Griffin Industrial Realty, Inc. (“Griffin” or “Registrant”) issued a press release announcing that it closed on the acquisition (the “Acquisition”) of an approximately 68,000 square foot mostly vacant industrial/warehouse building (the “Building”) in Orlando, Florida, Griffin’s third industrial/warehouse property in Orlando. The Building’s approximately $5.7 million purchase price was paid in cash at closing using cash on hand. Griffin entered the Orlando market when it purchased a fully leased approximately 100,000 square foot industrial/warehouse building in October 2019 and subsequently acquired a fully leased approximately 108,000 square foot industrial/warehouse building in February 2020. This Acquisition increases Griffin’s total real estate portfolio to 42 buildings aggregating approximately 4,639,000 square feet, with 91% of the square footage being industrial/warehouse space.
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Item 9.01. |
Financial Statements and Exhibits |
Exhibit 99.1: Registrant’s March 12, 2020 Press Release (attached hereto).
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SIGNATURES |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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GRIFFIN INDUSTRIAL REALTY, INC. |
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By: |
/s/ Anthony J. Galici |
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Anthony J. Galici |
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Vice President, Chief Financial Officer |
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and Secretary |
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Dated: March 12, 2020 |
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NEWS FROM: |
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Exhibit 99.1 |
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GRIFFIN INDUSTRIAL REALTY, INC. |
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CONTACT: |
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Anthony Galici |
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Chief Financial Officer |
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(860) 286-1307 |
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GRIFFIN ANNOUNCES CLOSING ON BUILDING ACQUISITION
NEW YORK, NEW YORK (March 12, 2020) Griffin Industrial Realty, Inc. (NASDAQ: GRIF) (“Griffin”) announced that it closed on the acquisition (the “Acquisition”) of an approximately 68,000 square foot mostly vacant industrial/warehouse building (the “Building”) in Orlando, Florida, Griffin’s third industrial/warehouse property in Orlando. The Building’s approximately $5.7 million purchase price was paid in cash at closing using cash on hand. Griffin entered the Orlando market when it purchased a fully leased approximately 100,000 square foot industrial/warehouse building in October 2019 and subsequently acquired a fully leased approximately 108,000 square foot industrial/warehouse building in February 2020. This Acquisition increases Griffin’s total real estate portfolio to 42 buildings aggregating approximately 4,639,000 square feet, with 91% of the square footage being industrial/warehouse space.
About Griffin
Griffin is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/warehouse properties. Griffin currently owns 42 buildings totaling approximately 4.6 million square feet (approximately 4.2 million of which is industrial/warehouse space) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.