WP Carey Spreads $48M On Smuckers' Chicago Complex

Law360, New York (June 05, 2014, 2:32 PM ET) -- WP Carey Inc. is set to buy a distribution center in northeast Illinois from Exeter Property Group for $48 million, the companies said Thursday, giving WP Carey control of a facility that is home to a JM Smucker Co. subsidiary.

The New York-headquartered real estate investment trust's acquisition of the 824,624 square foot distribution facility in the Will County, Illinois, village of University Park makes it the owner of one of only six distribution centers operated by Smuckers in the U.S., according to a joint Thursday...
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