"Our global fund enables us to do cross-border deals," explains Teddy Kaplan, vice president of Carey's investment group. "The larger companies have businesses in the US and Canada. This deal really represents our ability to grow."
The sites are located in Calgary, Alberta; Kearney, MO; York, NE; Fair Bluff, NC; Wallbridge, OH; Middlesex, PA; Rocky Mount, VA and Martinsburg, WV. The deal provided acquisition financing to the tenant.
"This transaction reflects our continued interest in acquiring quality manufacturing space and represents another example of how sale-leaseback financing can help a company grow and expand its business," adds Gordon F. DuGan, president of WP Carey & Co. LLC. WP Carey group owns 33 million sf of manufacturing space; in total the firm owns more than 95 million sf throughout North America and Europe.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
