Article: W. P. Carey & Co. Provides Carrefour $91 Million In Net Lease Financing Deal; Sale-Leaseback Transaction Includes Purchase of Eight State-of-the-Art Warehouse Facilities.

NEW YORK -- W. P. Carey & Co. LLC , a leading real estate investment banking firm, announced today that it has acquired and leased-back eight warehouse facilities from Carrefour (Paris: CARR.PA), France's largest retailer, for approximately US $91 million (euro 104 million).

Under the terms of the sale-leaseback agreement, the facilities will be leased to Carrefour under nine year net leases. The properties, totaling more than 3,460,000 square feet, are state-of-the-art facilities with average floor to ceiling heights of 32 feet or more and are located in Paris, Lille, Caen, Nancy, Le Mans, Agen, Bourges and Lyon. The facilities were purchased on behalf of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!