Griffin Capital Net Lease REIT Acquires Comcast's Western United States Technical Support Headquarters for $27 Million

Griffin Capital Net Lease REIT Acquires Comcast's Western United States
Technical Support Headquarters for $27 Million

EL SEGUNDO, Calif., Jan. 22, 2013 (GLOBE NEWSWIRE) -- Griffin Capital
Corporation ("Griffin Capital") announced today, on behalf of Griffin Capital
Net Lease REIT, Inc., the acquisition of a 157,000 square-foot, Class A office
building (the "Property") located in Greenwood Village, Colorado for $27
million. The Property is 100% leased to Comcast Cable Holdings, LLC, a
wholly-owned subsidiary of Comcast Corporation (the lease guarantor) pursuant
to a triple-net lease with an approximate nine-year remaining term. Comcast
Corporation (Nasdaq:CMCSA) is one of the world's leading media and
entertainment companies with a market capitalization in excess of $95 billion
and is a component of many of the leading market indices including the S&P 100
and NASDAQ 100. Comcast Corporation is ranked 49^th among the 'Fortune 500' of
America's largest corporations in 2012.

Situated adjacent to the Denver Technological Center, the Property was
originally developed in 1980 and substantially renovated in 1998. The
extensive renovation features many specialized and above-standard improvements
including redundant back-up power systems and HVAC equipment, as well as a
five-level, 550-stall shared parking structure. The parking garage is located
on an adjacent parcel that was sold separately and simultaneously with another
office building. To ensure the right to use the parking facility in
perpetuity, Griffin Capital negotiated and executed a reciprocal parking
easement allowing for the use of approximately one-half of the stalls in the
parking garage.

"Given the investment grade credit quality of the tenant and substantial
remaining lease duration, we are pleased to have acquired this asset at a
favorable going-in capitalization rate of 8.06%^1.Further, with 3.3% average
annual net rental rate increases, the Property is positioned to both continue
to deliver superior returns and provide attractive NOI growth for the entire
remaining duration of the lease," said Louis Sohn, Griffin Capital's Senior
Vice President of Acquisitions.

"We are pleased to complete our second acquisition in the Denver market with
the Winn Richey team of Cushman & Wakefield in the past six months and meet
our objectives of acquiring solid real estate, located in a liquid market with
a long-term lease to a high-quality tenant.With this acquisition, the Griffin
Capital Net Lease REIT now has a total capitalization approaching $400 million
and approximately 72% of its net operating income derived from or guaranteed
by investment-grade rated entities," added Michael Escalante, Griffin
Capital's Chief Investment Officer. "This acquisition provides a great start
to 2013 as we look toward building on the acquisition momentum we experienced
in 2012," stated Escalante.

About Griffin Capital Net Lease REIT and Griffin Capital Corporation

Griffin Capital Net Lease REIT, Inc. is a publicly registered non-traded REIT
with a portfolio that currently includes 15 office and industrial distribution
properties totaling approximately 3.41 million rentable square feet and total
capitalization in excess of $380 million. The REIT's sponsor is Griffin
Capital Corporation ("Griffin Capital"), a privately-owned real estate company
headquartered in Los Angeles. Led by senior executives each with more than two
decades of real estate experience collectively encompassing over $14.0 billion
of transaction value and more than 400 transactions, Griffin Capital and its
affiliates have acquired or constructed over 17 million square feet of space
since 1996. Griffin Capital and its affiliates currently own and manage a
portfolio consisting of over 13.4 million square feet of space, located in 28
states and representing approximately $2.3 billion in asset value.Additional
information about Griffin Capital is available at

The Griffin Capital logo is available at

This press release may contain certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such forward-looking
statements can generally be identified by our use of forward-looking
terminology such as "may," "will," "expect," "intend," "anticipate,"
"estimate," "believe," "continue," or other similar words. Because such
statements include risks, uncertainties and contingencies, actual results may
differ materially from the expectations, intentions, beliefs, plans or
predictions of the future expressed or implied by such forward-looking
statements. These risks, uncertainties and contingencies include, but are not
limited to: uncertainties relating to changes in general economic and real
estate conditions; uncertainties relating to the implementation of our real
estate investment strategy; uncertainties relating to financing availability
and capital proceeds; uncertainties relating to the closing of property
acquisitions; uncertainties relating to the public offering of our common
stock; uncertainties related to the timing and availability of distributions;
and other risk factors as outlined in the REIT's prospectus, as amended from
time to time. This is neither an offer nor a solicitation to purchase

^1 The estimated going-in capitalization rate is determined by dividing the
projected net operating income for the first fiscal year Griffin Capital Net
Lease REIT, Inc. owns the property by the acquisition price (exclusive of
closing and offering costs). The net operating income is calculated by
totaling the sum of all the revenues from the tenants including base rental
revenue and expense reimbursement revenue then deducting the total of all the
property expenses including utilities, insurance, real estate taxes, repairs
and maintenance and all property operating expenses. The projected net
operating income includes assumptions that may not be indicative of the actual
future performance of a property, including the assumption that the tenants
will perform its obligations under its lease agreements during the next 12

CONTACT: Jennifer Nahas
         Vice President, Marketing
         Griffin Capital Corporation
         Office Phone: 949-270-9332

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