UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 1, 2008
GTJ REIT, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Maryland
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(State or Other Jurisdiction of Incorporation or Organization)
0001368757 20-5188065
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(Commission File Number) (IRS Employer Identification No.)
444 Merrick Road, Lynbrook, NY 11563
(Address of Principal Executive Offices, Including Zip Code)
(516) 881-3535
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the following provisions
(see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On February 1, 2008, Farm Springs Road LLC (the "Buyer"), a wholly-owned
subsidiary of GTJ REIT, Inc. (the "Registrant") entered into a Real Estate
Purchase and Sale Agreement (the "Agreement") with Eight Farms Springs Road
Associates, LLC (the "Seller") for the purchase of real property known as 8 Farm
Springs Road, Farmington Connecticut (the "Property"). The total purchase price
for the Property is $23,300,000. The Buyer deposited an initial deposit of
$2,300,000 with an Escrow Agent. The Buyer intends to finance approximately all
of the purchase price initially through its revolving credit facility. The
anticipated closing date for the transaction is on or about March 3, 2008.
The foregoing description of the Agreement described above is only a summary and
is not intended to be complete. You are encouraged to read the Agreement in its
entirety. A copy of the same is attached as an exhibit to this Current Report on
Form 8-K and the text is hereby incorporated by reference. Capitalized terms not
herein defined have the meaning ascribed to such terms in the Agreement
Item 9.01 Financial Statements and Exhibits
Exhibit No./Description
10.1 Real Estate Purchase and Sale Agreement by and between Eight Farms Springs
Road Associates, LLC and Farm Springs Road LLC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 4, 2008 GTJ REIT, INC.
By: /s/ Michael I. Kessman
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Michael I. Kessman
Chief Accounting Officer