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EX-99.1 - Gramercy Property Trust Inc.v204656_ex99-1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 

 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
December 6, 2010
Date of report (Date of earliest event reported)
 
Gramercy Capital Corp.
(Exact Name of Registrant as Specified in Charter)
 
Maryland
 
001-32248
 
06-1722127
(State or Other Jurisdiction
 
(Commission
 
(IRS Employer
of Incorporation)
 
File Number)
 
Identification No.)
 
420 Lexington Avenue
 
10170
New York, New York
 
(Zip Code)
(Address of Principal Executive Offices)
   
 
(212) 297-1000
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing of obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 




Item 8.01.                      Other Events.
 
On December 6, 2010, Gramercy Capital Corp. (the “Company”) and SL Green Realty Corp. ("SL Green") jointly announced an agreement pursuant to which SL Green will acquire, for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt, (i) the Company's 45% joint venture interests in the leased fees of the 885 Third Avenue and 2 Herald Square properties in New York, New York, (ii) the Company's 100% leased fee interest in the 292 Madison Avenue property in New York, New York, and (iii) the Company's mezzanine loan secured by the 601 West 26th Street property in New York, New York.  The transactions are expected to close within the next 90 days, subject to certain closing conditions.  A copy of the joint press release announcing these transactions with SL Green is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
 
Item 9.01.                      Financial Statements and Exhibits.
 
(d)  Exhibits
 
Exhibit No.
 
Description
     
99.1
 
Joint Press Release, dated December 6, 2010
 


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: December 6, 2010
 
 
GRAMERCY CAPITAL CORP.
     
     
 
By:
/s/ Jon W. Clark
   
Name: Jon W. Clark
   
Title: Chief Financial Officer