Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that Gramercy Property Europe plc (the Fund) closed on the acquisition of a cold storage logistics facility totaling 121,000 square feet located in Breda, Netherlands. Constructed in 2009, the asset is currently undergoing an expansion of 85,000 square feet which is scheduled for completion in December. The building is leased through 2025 to Mooy Logistics B.V., a third party logistics and transportation company that specializes in the warehousing of fruits, vegetables and flowers. The facility, including the expansion, was acquired for approximately €17 million.

Michael Heal, Managing Director of Gramercy Europe, commented, “This transaction is another excellent example of our mandate to acquire single-tenant, high quality properties throughout Europe. It also illustrates our ability to provide counterparties with build-to-suit, or “take out,” financing with a forward lease commitment. We believe that the Fund is a compelling capital partner for growing companies seeking to alter or expand their real estate footprint.”

About Gramercy Property Europe plc

Gramercy Property Europe plc is an investment fund that targets single-tenant net leased assets and sale-leaseback transactions across Europe. The Fund has initial equity commitments of €350 million and will invest predominantly in industrial, office and specialty retail assets in Germany, the Netherlands, the Nordic region, the United Kingdom and other targeted European countries. Further information is available at www.gptreit.com/europe.

About Gramercy Property Trust

Gramercy Property Trust Inc. is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing single-tenant, net-leased industrial and office properties purchased through sale-leaseback transactions or directly from property developers and owners. The Company focuses on income producing properties leased to high quality tenants in major markets in the United States and Europe.

To review the Company’s latest news releases and other corporate documents, please visit the Company's website at www.gptreit.com or contact Investor Relations at 212-297-1000.