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W.P. Carey to Finance New Rochester Facility for Celestica

ROCHESTER,MN- 200,000-sf circuit board plant to cost $21.5 million. Deal latest of several with electronics manufacturing services firms for W.P. Carey.

By Jim McCartney | Updated on September 05, 2000

Celestica Inc., a Toronto-based contract electronics manufacturer, plans to move its printed circuit board operations to a new 200,000 sf facility. The Rochester,MN site will be financed and owned by an affiliate of W.P.Carey, the New York real estate company.

Celestica is the latest among several recent transactions that W. P. Carey has completed for companies serving the Electronics Manufacturing Services (EMS) market, says W. Sean Sovak, executive director at W. P. Carey

The Celestica facility, which will be built by Minneapolis-based M.A. Mortenson, will consist of 200,000 square feet of office and manufacturing space on 30 acres about a half mile from the IBM’s Rochester campus. It replaces temporary quarters Celestica has occupied since buying the operation from IBM early this year.

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