Gordon DuGan

1 Rocket Road in Hawthorne, Calif.,

Blackstone to Buy Gramercy Property Trust for $7.6B

The transaction will add more than 80 million square feet of high-quality industrial properties to the private equity giant’s holdings.

Image of Nicholas Pell Gramercy Property Trust.jpg?w=300

Gramercy Nabs Half-Billion-Dollar Industrial Portfolio

The company has expanded its holdings with the acquisition of 17 bulk warehouses totaling 10.3 million square feet.