Massive purchase in Kansas

A manufacturer of industrial and household cleaning products sold and leased back its 572,114-square-foot manufacturing facility in Great Bend, Kan., for an undisclosed amount.

CPAC Inc.'s Fuller Brush entity sold the property to STAG Capital Partners and signed a lease to retain occupancy of the space for 18 years.

The property is situated on two parcels of land totaling 123 acres at 15 SW 40th Ave.

The closing of the sale-leaseback took place contemporaneously with the closing of Buckingham Capital Partners II L.P.'s acquisition of CPAC Inc.

Two apartment deals sealed in Indiana

Two Indiana apartment communities have sold for more than $15 million, CB Richard Ellis reported Monday.

CB Richard Ellis represented the sellers in both transactions, which involved 492 housing units.

AIMCO sold the 284-unit North Park Apartments in Evansville to New York-based The Embassy Group LLC, and The Compass Group Inc. sold the 208-unit Village Square Apartments in Lafayette to an unidentified buyer.  more...

Drug maker relocates headquarters

Barr Pharmaceuticals Inc. signed a long-term lease to occupy a 142,500-square-foot office property in Montvale, N.J.

The value of the transaction was not disclosed.

The space, located at 225 Summit Ave., will serve as Barr's executive headquarters. Situated on 37 acres, the building was recently fully renovated and features a 22,000-square-foot operations data center with backup generator and a full-service cafeteria.

Montvale-based Ivy Equities -- with joint venture partner Paragon -- owns the property, which was formerly occupied by Toys 'R' Us.