Venable represented Chambers Street Properties in connection with its recently announced merger with Gramercy Properties Trust Inc.

Venable represented Chambers Street Properties ("Chambers Street") in connection with its recently announced merger with Gramercy Properties Trust Inc. ("Gramercy"). The merger will create the largest industrial and office net lease real estate investment trust, with an expected enterprise value of approximately $5.7 billion. In the transaction, Gramercy stockholders will have the right to receive 3.1898 common shares of Chambers Street for each share of Gramercy common stock they own. Upon closing, Chambers Street shareholders will own approximately 56% and Gramercy stockholders will own approximately 44% of the combined company. The transaction is expected to close in the fourth quarter of 2015. Venable's corporate team was led by Sharon A. Kroupa, who was assisted by Christopher W. Pate, Brian P. Field, Gabriel M. Steele and Daniel R.H. Mendelsohn.