Real estate investment banking firm W.P. Carey & Co. LLC hascompleted the acquisition of two net-leased properties on behalf ofmember company Corporate Property Associates 14 Inc., a non-tradedREIT. Both facilities were purchased from Atrium Cos. Inc. for$16.2 million. Included in the deal are a 400,000-sf manufacturingand distribution facility in Welcome, NC and a 165,000-sf plant inMurrysville, PA, also a manufacturing and distribution center.

Meanwhile, Lexington Corporate Properties Trust has acquired twowarehouse properties in Hebron, OH in a $13.6-million transaction.The first property is a 400,522-sf warehouse built in 1999 on 21.6acres. It is leased to Owens Corning until 2009. The secondfacility is a 250,410-sf warehouse built last year on 13.6 acres.Its lease, also with Owens Corning, expires in 2010.

Sale-leaseback deals have become increasingly popular as theeconomy continues to flounder, providing sellers with quickliquidity and buyers with low-maintenance properties andcreditworthy tenants locked into long-term deals. Lexington onMonday expanded by $200 million an existing joint venture createdspecifically for the acquisition of net-leased properties.