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Article: United States: Sabre WP Carey Strike 20-Year Sale-Leaseback.
- Article from:
- TendersInfo
- Article date:
- August 19, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. 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)
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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 ...