W. P. Carey Pays $43M for ATK Office

MINNEAPOLIS—CPA®:18 – Global, a non-traded REIT affiliate of W. P. Carey Inc., a New York-based REIT, has just purchased from Liberty Property Trust a 191,000-square-foot office and R&D facility in suburban Plymouth for about $43 million. The facility is leased to Alliant Techsystems Inc. for a period of about 10 years and is just the latest big purchase by W.P. Carey or its affiliates of top industrial product net-leased to high credit companies.

Earlier this year, GlobeSt.com reported, for example, that CPA®:18 – Global completed an $85 million acquisition of the giant Dart Container/Solo Cup National Distribution Center located in suburban Chicago. At 1,552,475-square feet, it was the largest Chicago-area transaction involving corporate distribution space since early 2006.