The new agreement provides flexibility for the tenant’s future expansion of the 700,200-square-foot distribution center, and a lease extension with more favorable economic terms reflective of today’s market conditions. This modern, high-cube industrial building, developed in 2000 as a build-to-suit, is owned by Griffin Capital.

The transaction team of Michael Flynn, Art Burrows, senior vice president and Tim Buss, have now completed nearly 2,000,000-square-feet of office and industrial space transactions with World Kitchen since 2003.