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Stock Market & Financial Investment News

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February 5, 2014
07:35 EDTWPCW.P. Carey announces two acquisitions on behalf of CPA:18 Global
W. P. Carey announced two acquisitions completed on behalf of CPA:18 Global, one of its managed non-traded REIT affiliates. The total investment in the two assets, which are located in Illinois and Ohio, was approximately $92M. The distribution facility, located on a 90.24 acre site outside Chicago, in University Park, Illinois, is leased to a Solo Cup affiliate. The total acquisition price of the 1,552,475 square foot facility was approximately $85M. The 178,180 square foot property, located less than 25 miles from Cleveland's central business district in Streetsboro, Ohio, is leased to Air Enterprises for a period of 15 years. The total acquisition price was approximately $7M.
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