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W.P. Carey & Co. Acquires $6.5 Mil Distribution Facility

KANSAS CITY, MO-Earle M. Jorgensen Co. to stay on as tenant.

By Judie Burkhalter | Updated on October 16, 2000

KANSAS CITY, MO-A 120,855 sf distribution facility leased by the Earle M.Jorgensen Co. has been acquired by W.P. Carey & Co. LLC onbehalf of Corporate Property Associates 14 Inc., apublic, non-traded real estate investment trust.

The property, located at 1800 Universal Ave. in Executive Park, was soldfor $6.5 million. The facility includes more than 10,000 sf ofoffice space and is situated on a 7.45 acre site.

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