Gramercy Capital Corp., a New York-based investor in commercial mortgage-related loans and securities, has priced a public offering of 2.5 million shares of common stock for net proceeds of approximately $64 million.The company also reported that it is selling 833,333 shares to its affiliate SL Green Realty Corp. for net proceeds of about $21.5 million. Wachovia Securities was the sole book-running manager for the public offering, and was granted an option to buy up to 375,000 additional shares to cover any overallotments. Gramercy Capital can be found online at http://www.gramercycapitalcorp.com.
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