Gramercy Property Trust to Buy Nine Industrial Properties in Houston, Dallas

by Taylor Williams

HOUSTON AND DALLAS — Gramercy Property Trust, a New York-based, publicly traded REIT, has entered into an agreement to buy nine industrial properties located throughout the Houston and Dallas areas. The assets are part of a 41-property, 7.8 million-square-foot portfolio purchased from Core Logistics for approximately $479.1 million. The 41 properties, which are also located in Chicago, Atlanta, Memphis and Columbus, are 93 percent leased collectively.

 

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