December 06, 2012 at 16:34 PM EST
Gramercy Capital Corp. Closes the Previously Announced Acquisition of a $485M Portfolio in a Joint Venture with Garrison Investment Group
Gramercy Capital (NYSE: GKK ) announced today that it has closed in a joint venture with Garrison Investment Group (“Garrison”) on the acquisition of a 115-property portfolio (“Portfolio”), for a total purchase price of $485 million ($87 per square foot). The Portfolio was acquired from an affiliate of KBS
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