Investment firm W. P. Carey & Co. LLC acquired and leased back a warehouse and manufacturing facility in Buffalo Grove, Ill.

The value of the transaction was $16.4 million.

Precise Technology, a manufacturer of injection molded precision plastic products, will occupy the 264,000-square-foot facility under an initial lease term of 20 years.

This represents W. P. Carey’s second sale-leaseback transaction with Precise Technology, a portfolio company of Chicago-based private equity firm, Code Hennessy & Simmons LLC.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription