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Gramercy Completes Buyout of BofA Portfolio from JV Partner

Acquisition of Remaining 50% Interest Values Bank Portfolio at $395M
CoStar News
June 10, 2014 | 7:22 P.M.

Gramercy Property Trust Inc. (NYSE: GPT) said today it has closed its acquisition of Garrison Investment Group’s 50% interest in a joint venture that owns a portfolio totaling about 3.1 million square feet predominantly leased to Bank of America, N.A.

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