W. P. Carey pays $53m for industrial investments

In separate transactions, W. P. Carey has acquired several new industrial investments, totaling $53 million.

The transactions include:

$19 million sale-leaseback of a 301,000-square-foot warehouse and light-manufacturing facility in Statesville, N.C., net leased to Founder Sport Group, a leading manufacturer and supplier of stock and sublimated team uniforms, performance athletic wear and fan wear under the Badger Sport and Alleson brands. The property operates as Founder Sport Group’s primary fulfillment center in the United States as well as its corporate headquarters, underscoring its criticality. The facility is triple-net leased for a period of 20 years with annual uncapped CPI rent increases. $24 million sale-leaseback of eight production facilities totaling 525,000 square feet located across the United States and Mexico and net leased to a leading global manufacturer of electrical wire harnesses, control boxes and other value-added co