CapLease 2012 Acquisition Volume Grows to over $165 Million

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today the closing of the previously announced purchase of an approximately 145,000 square foot Class A office building located in the Energy Corridor of Houston, Texas for a purchase price of $35.5 million. The building is 90% leased to WorleyParsons Limited, an Australian listed energy and resource service engineering company with a market capitalization of over $6 billion. The WorleyParsons lease runs through December 2019. The remaining square footage in the building is leased by two other credit worthy tenants.