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CapLease to Acquire Class A Office Building for $35.5 Million

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today that it has entered into a contract to acquire a Class A office building in a major Southern city for a purchase price of $35.5 million, with closing scheduled before year-end. The average capitalization rate for the transaction is in excess of 8%.