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Stock Market & Financial Investment News

News Breaks
June 3, 2014
08:35 EDTGPTGramercy Property Trust announces acquisition of $9.5M industrial facility
Gramercy Property Trust closed the acquisition of an approximately 176,000-square-foot production and warehouse bottling facility located in Tampa, Florida. The building is 100% leased through January 2020 to a leading beverage producer. Year 1 net operating income is approximately $748,000 with annual rent escalations throughout the lease term. The facility was acquired all-cash for a purchase price of approximately $9.5M.
News For GPT From The Last 14 Days
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July 28, 2015
08:36 EDTGPTGramercy Property acquires $46.8M property in Minneapolis
Gramercy Property Trust announced that it closed on the acquisition of an industrial property totaling approximately 585,200 square feet in Fridley, Minnesota. The property consists of an R&D, testing and prototype industrial facility that is currently undergoing renovation. The building is 100% leased to a global defense, security and aerospace company through October 2025, which has either directly or through its predecessor companies operated out of the facility for over 70 years. Upon completion of the renovation in November 2015, Year 1 net operating income is anticipated to be approximately $3.4M with yearly escalations in rent throughout the lease term. The property was acquired all-cash for a purchase price of $46.8M.
July 23, 2015
08:31 EDTGPTGramercy Property buys distribution facility in Philadelphia for $26.1M
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