NEW YORK – New York-based, W.P. Carey Inc. has executed a $102 million sale-leaseback of a supermarket portfolio encompassing 27 properties located in Northern Spain and the Balearic Islands.
With the recent acquisition, the net lease REIT's year-to-date investment volume totals $700 million.
The 481,000-square-foot portfolio is triple-net leased under three 20-year master leases with Spanish CPI-based rent escalations to the existing tenant, European food retailer, Eroski Sociedad Cooperativa.
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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.
