Article: United States: Sabre WP Carey Strike 20-Year Sale-Leaseback.

Byline: pinto03

TX-In a deal pushing $30 million, WP Carey Inc. has completed a 20-year sale-leaseback with Sioux City, IA-based Sabre Industries Inc. for the first phase of a manufacturing complex south of Fort Worth and a 75-acre footprint in Louisiana. And next week, phase two will be up for grabs as a sale-leaseback too.

In all, the New York City-based investment group has bought 578,336 sf of Sabre-leased industrial space. The Alvarado piece consists of four buildings, totaling 200,748 sf, on 64.5 acres at 8653 E. Highway 67 in Johnson County. A 42,000-sf building, rising as phase two, will come to market in the $15-million to $18-million range. In ...

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