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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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February 9, 2016
06:31 EDTGPTGramercy Property Trust closes disposition of McAuley Place and Landings
Gramercy Property Trust announced that it closed on the disposition of McAuley Place and Landings I & II located in Cincinnati, Ohio. The three-building portfolio was 95.7% occupied at the time of sale and was sold for a sale price of approximately $87M, or $161 per square foot. The exit cap rate was 9.0% on in-place cash NOI and net proceeds to the Company from the sale equaled approximately $37.1M after payment of transaction costs, prorations, net seller credits and loan prepayment costs.

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