---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-031972"
form_type: "8-K"
ticker: "PKST"
cik: "0001600626"
company_name: "Peakstone Realty Trust"
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T17:31:06.845351+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Griffin Realty Trust sells majority interest in $1.132B office portfolio, retains 49%

## Summary
- Sale of 41-property office portfolio (53 buildings) for $1.132B in cash to Galaxy REIT LLC and affiliate.
- GRT retains 49% interest via a joint venture with institutional buyer; managed by Workspace Property Trust affiliate.
- Net proceeds primarily used to repay debt; pro forma cash reduced from $202.7M to $235.5M after adjustments.
- Post-sale wholly owned portfolio: 80 properties, 21.6M sq ft, 95% occupancy, 7.1-year WALT, 77% office/23% industrial.
- Sale advances strategic monetization process with advisors Eastdil Secured, Goldman Sachs, and BofA Securities.

## SEC filing metadata
- accession: 0001140361-22-031972
- form_type: 8-K
- ticker: PKST
- cik: 0001600626
- company_name: Peakstone Realty Trust
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600626/000114036122031972/0001140361-22-031972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600626/000114036122031972/ny20005185x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-031972
- JSON: https://secwatch.observer/filing/0001140361-22-031972.json
- Plain text: https://secwatch.observer/filing/0001140361-22-031972.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.