|
|
Article: The W. P. Carey Group Completes $87 Million Sale-Leaseback with Berry Plastics.
- Article from:
- PR Newswire
- Article date:
- January 22, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- Investment firm W. P. Carey & Co. LLC announced today that its publicly held, non-traded REIT affiliate, CPA(R):16 - Global, and its newest fund, CPA(R):17 - Global, have jointly acquired three facilities from Berry Plastics Corporation for approximately $87 million.
This transaction follows a $33 million sale-leaseback CPA(R):15 completed with Berry Plastics in 2003 and includes its headquarters and largest production facility in Evansville, Indiana, a manufacturing facility in Baltimore, Maryland, and a facility in Lawrence, Kansas. All facilities are being leased back to Berry Plastics on a long-term basis.