Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Southeast  + Industrial  | 
Industrial warehouse at undisclosed location in Tennessee

W. P. Carey Announces $41 Million Industrial Sale-Leaseback in TN

W. P. Carey Inc., — a REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net-lease properties — has announced the $41 million sale-leaseback of two Tennessee manufacturing facilities totaling approximately 416,400 square feet.

The facilities are master leased on a triple-net basis for a term of approximately 20 years to a leading manufacturer of attachments for heavy construction equipment. The lease includes an option for the tenant to pursue a follow-on expansion funded by W. P. Carey.

The facilities represent the entirety of the tenant’s manufacturing footprint and are located in close proximity to its primary markets and key rail lines. The facilities also contain significant tenant build-out and equipment.

Connect

Inside The Story

W. P. Carey

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Lease
  • ◦Sale/Acquisition
RockefellerGroup-13-cube