NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that it closed on the acquisition of an 107,000 square foot food-grade cold storage and processing facility located in Vernon, California (Los Angeles MSA). The building is 100% leased through June 2030 to a leading producer of frozen desserts. Year 1 net operating income is anticipated to be approximately $1.8 million (6.5% initial cap rate; 7.9% annualized straight-line cap rate