Plastics manufacturer completes sale-leaseback
Precise Technology plans long-term occupancy
By Inman News, Wednesday, February 16, 2005.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.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.