Cardinal will lease the space back to Georgia-Pacific on a long-term lease for an undisclosed sum. The deal is part of the previously announced sale by Atlanta-based G-P of a 60% controlling interest in Unisource to Boston-based Bain Capital. That deal was valued at $790 million.
The Cardinal-Georgia Pacific deal will be shown as a capital lease obligation on G-P's financial statements.
In the Bain Capital-Georgia Pacific transaction, Boston-based Bain acquired a 60% interest in Unisource Worldwide Inc., a G-P subsidiary based in suburban Norcross, GA.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
