Gramercy Property Trust Announces Acquisitions of Four Assets in the E-Commerce Joint Venture

NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE: GPT), a real estate investment trust, announced today that it has completed the acquisitions of four of the assets identified in the initial portfolio transaction for the E-Commerce Joint Venture (the “Venture”). The Venture was launched in August 2017 to acquire, own and manage Class A distribution centers leased to leading e-commerce tenants on long-term leases across the country.