The Real Deal Miami

CapLease gets extension on $140M c

July 19, 2010 04:15PM

Wells Fargo Bank has agreed to extend its credit agreement with CapLease for an additional three years, the real estate investment trust announced today. CapLease, which focuses on single-tenant commercial real estate properties with long-term leases, has a $140 million line of credit, now with a new expiration date of July 16, 2013. Shares of CapLease rose 5 cents to $4.74, or 1.3 percent, following the news today. [AP via Crain’s]