Venable represents Chambers Street Properties in connection with the closing of its $5.8 billion merger with Gramercy Properties Trust Inc.

1 min

Venable represented Chambers Street Properties ("Chambers Street") in connection with the closing of a stock for stock merger with Gramercy Properties Trust Inc. ("Gramercy"). The merger created the largest industrial and office net lease real estate investment trust, with an enterprise value of approximately $5.8 billion. Chambers Street shareholders own approximately 56% and Gramercy stockholders own approximately 44% of the combined company. Venable's corporate team was led by Sharon Kroupa, who was assisted by Chris PateBrian Field and Gabe Steele.