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NEW YORK, May 17, 2021 /PRNewswire/
W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced four investments totaling $170 million and covering approximately 1.1 million square feet. The investments comprise operationally-critical properties net leased to industry-leading tenants with a weighted-average lease term of approximately 16 years, bringing investment volume year-to-date to approximately $765 million with a weighted-average lease term of 22 years.
The investments include:
$65 million sale-leaseback of a 316,300-square-foot state-of-the-art food production facility net leased to a leading supplier of shelf-stable, dairy-based food and beverage products. Established in 1943, the company supplies a diverse range of blue chip and private label customers, including some of the largest food and beverage brands globally. Loc
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NEW YORK, April 29, 2021 /PRNewswire/ W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced two industrial investments totaling $67 million and covering approximately 580,600 square feet. The investments comprise operationally-critical properties triple-net leased to industry-leading tenants with a weighted-average lease term of approximately 13.5 years.
The investments include:
$53 million acquisition of a 487,600-square-foot logistics site comprising two high-quality buildings net leased to Comprehensive Logistics Co., LLC, a leading third-party logistics provider for the automotive and other industrial industries. The company serves numerous OEM and Tier I clients, including Ford, General Motors, Paccar and General Electric Appliance. The highly-fungible site is located in a supply-constrained subma
Key Facts:
Market-leading essential retailer: Established in 1898, Casino is one of the world s largest food retailers with approximately 11,000 stores in France and Latin America. Casino maintains a multi-format strategy, operating discount, convenience, cash and carry, supermarket and hypermarket retail stores under various brands. It is also the second largest e-commerce retailer in France.
Established locations with limited local competition: The acquired hypermarkets are located in Southern and Central France, predominantly in dense urban infill areas forecast to experience above-average population growth, and where Casino is the market leader with limited competition.
High-performing properties in a resilient industry: The properties are established grocery sites that rank among Casino s top hypermarkets. As an essential retailer, the grocery sector has maintained strong demand during the pandemic.
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NEW YORK, Feb. 11, 2021 /PRNewswire/ W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced three investments totaling $149 million and covering approximately 1.5 million square feet. The investments comprise operationally-critical properties triple-net leased to industry-leading tenants with a weighted-average lease term of approximately 24 years. The transactions bring year-to-date investment volume to $203 million, including the completion of two capital investment projects totaling $54 million.
The investments include
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$75 million sale-leaseback of two packing, production and distribution facilities, which include cold storage, net leased to a leading vertically integrated grower-packer-shipper of seasonal, high-value summer-fruit. The facilities are strategically located in proximity to the tenant s ap