Gramercy Capital Corp. GKK announced today that it closed on the
acquisition of an approximately 600,000 square foot class A industrial
building located in Olive Branch, Mississippi, in an all-cash transaction for
a purchase price of approximately $24.65 million. The building is 100% leased
to a single tenant through December 31, 2022 and includes an adjacent 13.8
acre land parcel with capacity for an additional 250,000 square foot building
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