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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:32 EDTGPTGramercy Property Trust acquires two industrial properties for $18.7M
Gramercy Property Trust announced that it acquired, in separate transactions, two industrial properties totaling approximately 295,000 square feet for a total purchase price of approximately $18.7M, net of approximately $285,000 of rent credit. Both properties are 100% leased with a weighted average lease term of approximately 13 years. Year 1 net operating income for the two properties totals approximately $1.4M. The first property is an approximately 112,000 square foot manufacturing facility located in Elgin, Illinois, which is leased through August 2028 with annual rent escalations to a global manufacturer of small, engineered metal components. The second property is an approximately 183,000 square foot industrial warehouse located in Harrisburg, Pennsylvania, which is leased through February 2025 with annual rent escalations to a subsidiary of a large multinational industrial company.
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September 19, 2014
17:30 EDTGPTGramercy Property Trust files to sell $100M of common stock
On September 19, Gramercy Property Trust and its operating partnership, GPT Property Trust LP, entered into separate equity distribution agreements with RBC Capital Markets, LLC, BNY Mellon Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, JMP Securities LLC, Ladenburg Thalmann & Co. Inc. and SunTrust Robinson Humphrey, Inc. In accordance with the terms of the equity distribution agreements, the company may offer and sell shares of its common stock having an aggregate offering price of up to $100M from time to time through the sales agents.
September 12, 2014
08:32 EDTGPTGramercy Property Trust acquires $20M industrial property in California
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