CapLease 2012 Acquisition Volume Grows to over $185 Million

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today that it that it has entered into a binding contract to acquire a Class A office building located in the South Central United States for a total purchase price of $18.1 million. The Company’s average capitalization rate for the property will be about 9%. The Company expects to close the acquisition prior to year-end which will bring total acquisition volume for 2012 to more than $185 million.