Gramercy Property Trust Exercises $50M Accordion Feature of Its Credit Facility and Announces Acquisition of $6.3M Industrial Facility in Chicago, IL

Gramercy Property Trust Inc. (NYSE: GPT ), a real estate investment trust, announced today that it exercised the accordion feature of its senior secured credit facility (the “Credit Facility”), increasing the revolving borrowing capacity to $150.0 million. All other terms of the Credit Facility remained the same. The Credit