CapLease Announces Pricing of Its 7.25% Series C Preferred Stock

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today that it has priced an underwritten public offering of 850,000 shares of its new 7.25% Series C Cumulative Redeemable Preferred Stock, at a public offering price of $23.75 per share, for gross proceeds of approximately $20 million. The offering, which was significantly oversubscribed, is expected to close on January 25, 2013, subject to customary closing conditions.