Hello, I've been trying to figure out how I can create similar typography layout in Illustrator but not sure what tool was used here. Is it perspective grid or maybe something else? Thank you for your help.

Looks like an isometric drawing to me.
This will give you a flying start!
http://www.myfonts.com/fonts/capearcona/ca-normal/
Another one that could help you: http://www.myfonts.com/fonts/shinn/checker/
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