WPC Completes Sale-Leaseback with AeriTek for Mexico Facilities

Net lease REIT W. P. Carey Inc. (WPC) completed the $61-million sale-leaseback of six industrial facilities in Mexico. Totaling 670,000 square feet, the portfolio is net-leased to AeriTek, a leading designer, manufacturer and distributor of commercial refrigeration and foodservice equipment.

The portfolio includes AeriTek’s most profitable manufacturing facilities and contains the only plants serving the U.S. and Mexico markets, representing approximately 75% of its revenue. AeriTek has developed longstanding relationships with some of the largest food and beverage companies globally. It is owned by middle-market private equity firm Mill Point Capital.

“We’re proud to have completed this cross-border transaction, which highlights our ability to execute complex sale-leasebacks in Mexico,” said Zachary Pasanen, managing director, investments, WPC. “In today’s environment, sale-leasebacks continue to be a powerful tool for unlocking capital and supporting long-term growth. This deal reflects our commitment to delivering tailored real estate solutions that drive strategic value for our partners.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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