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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.
News For GPT From The Last 14 Days
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October 28, 2014
08:33 EDTGPTGramercy Property Trust acquires $10.1M industrial property in Miami, FL
Gramercy Property Trust closed the acquisition of an approximately 188,000 square foot industrial warehouse located in Miami, Florida. The property is 100% leased through October 2021 to a leading regional provider of document management services. Year 1 net operating income is approximately $772,900 with annual rent escalations throughout the term. The property was acquired all-cash in a sale leaseback transaction for a purchase price of approximately $10.1M.

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