W.P. Carey expands manufacturing portfolio

Buys 8 properties in United States, Canada

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