{"id":1004199330,"date":"2017-12-06T06:58:34","date_gmt":"2017-12-06T14:58:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004199330"},"modified":"2022-12-07T07:52:29","modified_gmt":"2022-12-07T15:52:29","slug":"griffin-capital-acquires-130m-sc-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/","title":{"rendered":"Griffin Capital Acquires $130M SC Office Campus"},"content":{"rendered":"<p><em>By IvyLee Rosario<\/em><\/p>\n<div id=\"attachment_1004199333\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004199333\" data-attachment-id=\"1004199333\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/lpl-financial-carolinas-corporate-campus\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"LPL Financial Carolinas Corporate Campus\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;LPL Financial Carolinas Corporate Campus&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg?w=400\" class=\"wp-image-1004199333 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\" alt=\"LPL Financial Carolinas Corporate Campus\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004199333\" class=\"wp-caption-text\">LPL Corporate Campus<\/p><\/div>\n<p>Griffin Capital Essential Asset REIT has acquired LPL Financial Carolinas Corporate Campus for $130 million. Comprising two buildings, the campus is fully leased to LPL Holdings, with 19 years remaining on its lease and a 1.8 percent annual base rental rate increase.<\/p>\n<p>Located in Fort Mill, S.C., this is one of LPL&#8217;s major national offices and the largest by headcount and square footage. Built in 2016, the campus houses 2,000 employees across 450,000 square feet. The property is 17 miles south of Charlotte and is located within Fort Mill&#8217;s Kingsley master-planned development.\u00a0The two adjacent Class A office buildings each feature six stories on two parcels totaling 16.3 acres, as well as a 1,913-square-foot, six-level parking garage. Tenant amenities include:<\/p>\n<ul>\n<li>full-service cafeteria<\/li>\n<li>fitness center<\/li>\n<li>community garden<\/li>\n<li>indoor\/outdoor seating<\/li>\n<li>outdoor putting green<\/li>\n<li>walking trails\u00a0<\/li>\n<\/ul>\n<p><em>\u201cWe\u2019ve been focused on the greater Charlotte metropolitan area due to its well-diversified economy and significant growth over the past two decades,&#8221;<\/em> said Don Pescara, managing director of acquisitions for Griffin Capital, in prepared remarks. <em>&#8220;The acquisition of the LPL Financial Campus adds to our portfolio two well-located, high-quality buildings leased to a premier tenant.\u201d<\/em><\/p>\n<p>The LPL Financial Campus was purchased with 1031 exchange proceeds from the disposition of the <a href=\"https:\/\/www.commercialsearch.com\/news\/griffin-sells-dreamworks-animations-socal-hq-for-290m\/\">DreamWorks Animation&#8217;s Headquarters<\/a> and Studio Campus, which was sold last month for $290 million.\u00a0<\/p>\n<p><em>Image courtesy of\u00a0Griffin Capital\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company purchased LPL Financial Carolinas Corporate Campus, located in Fort Mill. This property is one of LPL&#8217;s major national offices and the largest by headcount and square footage. <\/p>\n","protected":false},"author":746,"featured_media":1004199333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21783,21742,21747],"tags":[33536,33041,38509],"class_list":["post-1004199330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-investment","category-latest","category-office","tag-1031-exchange","tag-griffin-capital","tag-lpl-financial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Griffin Capital Acquires $130M SC Office Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Griffin Capital Acquires $130M SC Office Campus\" \/>\n<meta property=\"og:description\" content=\"The company purchased LPL Financial Carolinas Corporate Campus, located in Fort Mill. This property is one of LPL&#039;s major national offices and the largest by headcount and square footage.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-06T14:58:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T15:52:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/\",\"name\":\"Griffin Capital Acquires $130M SC Office Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\",\"datePublished\":\"2017-12-06T14:58:34+00:00\",\"dateModified\":\"2022-12-07T15:52:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/LPL-Financial-Carolinas-Corporate-Campus.jpg\",\"width\":400,\"height\":310,\"caption\":\"LPL Financial Carolinas Corporate Campus\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-acquires-130m-sc-office-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Griffin Capital Acquires $130M SC Office Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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