WP Carey Inks $92M Deal For 2 Industrial Sites

Law360, New York (February 6, 2014, 3:34 PM EST) -- Real estate investment trust W. P. Carey Inc. has acquired two industrial assets on behalf of one of its non-traded affiliates for a total of $92 million, the REIT announced Wednesday.

W. P. Carey purchased a Solo Cup Co. distribution facility outside Chicago and an Air Enterprises manufacturing and warehouse facility near Cleveland on behalf of Corporate Property Associates 18 – Global Inc., an affiliated REIT.

“The two transactions ... demonstrate how W. P. Carey can tailor transactions that enable private companies and institutional real estate...
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