W.P. Carey expands manufacturing portfolio
Buys 8 properties in United States, Canada
By Inman News, Thursday, September 30, 2004.Inman News®
Investment firm W. P. Carey & Co. acquired eight manufacturing facilities totaling more than 2 million square feet located in seven states and Canada.
The total value of the transactions was $37.7 million.
A North American manufacturer of residential exterior building products sold the portfolio.
The facilities, located in Calgary, Alberta; Kearney, Mo.; York, Neb.; Fair Bluff, N.C.; Wallbridge, Ohio; Middlesex, Pa.; Rocky Mount, Va. and Martinsburg, W.V., were acquired through a sale-leaseback transaction.
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