Gramercy Property Trust Announces Pricing of Public Offering of 9,000,000 Common Shares

NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE:GPT), a real estate investment trust, announced today the pricing of the public offering of 9,000,000 common shares at a public offering price of $27.60 per share for estimated net proceeds of $238.1 million after deducting for underwriting discounts and offering expenses payable by the Company. In addition, the underwriters of the offering have a 30-day option to purchase up to an additional 1,350,000 common shares. The offering is subject to customary closing conditions and is expected to close on April 26, 2017.