CHIGACO, IL – W.P. Carey Inc. has completed a $40 million sale-leaseback of a 622,000-square-foot, light manufacturing facility near Chicago's O'Hare International Airport.
The facility is currently triple-net leased, on a 15-year term with fixed annual rent escalations, to the global manufacturer and distributor of barbecue grills and accessories, Weber-Stephen Products LLC.
Located near Weber-Stephen's global distribution center, the facility serves as the tenant's primary North American manufacturing footprint.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
