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According to the company, Griffin has purchased AT&T Wireless’ National Network Operations Center in Redmond, Washington. Griffin Capital is a publicly registered, non-traded Real Estate Investment Trust. Griffin said that the second-largest telecommunications company in the US has invested more than US$50m in the facility over the past three years.
Griffin’s Capital Chief Investment Officer, Michael Escalante told that the acquisition of the AT&T Wireless National Network Operations Center represents the REIT’s first major acquisition in the Pacific Northwest.
He continued to say that the Puget Sound region, buoyed by such corporate stalwarts as Boeing, Costco and Microsoft, has shown tremendous resilience since 2008 and remains one of the fastest growing [metropolitan areas] in the country, fueled by the success of a number of technology-oriented companies including Amazon and Expedia.
According to the company, Griffin Capital and its affiliates have invested over $26 million of capital into the REIT and it has a sixteen-year track record sponsoring real estate investment vehicles and managing institutional capital.