W. P. Carey & Co. Acquires Integracolor, Ltd. Corporate Headquarters In Sale-Leaseback Deal12 Aug, 2002
W. P. Carey & Co. Acquires Integracolor, Ltd. Corporate Headquarters In Sale-Leaseback Deal
Investment banking firm W. P. Carey & Co. LLC has announced that it has acquired and leased-backed the corporate headquarters and two additional facilities from Mesquite, TX-based IntegraColor, Ltd., for approximately $12.3 million. IntegraColor provides specialized print-based solutions to a broad range of commercial clients, including those in the Fortune 500 and horticultural industry.
the terms of the sale-leaseback transaction, the three properties, which total
approximately 360,000 square feet of space, will be leased under a 20-year
bond-type net lease. The facilities, which include IntegraColor’s corporate
headquarters and primary manufacturing facilities, are located in Mesquite, TX,
12 miles east of downtown Dallas. The facilities were purchased on behalf of
Corporate Property Associates 15 Incorporated (CPAâ:15),
W. P. Carey’s newest publicly held non-traded real estate investment
trust (REIT) and a member of the $3.5 billion W. P. Carey Group.
IntegraColor is the latest paper/printing company to join W. P. Carey’s diversified portfolio of tenant-clients. Other tenant-clients in this industry that have completed sale-leaseback transactions with W. P. Carey include: Xerox Corporation, Unisource Worldwide, Inc., Jen-Coat, Inc., Perry Graphic Communications, United Stationers Supply Co., Masterprint and ADR Bookprint, Inc.