The property was acquired on behalf of Corporate PropertyAssociates 16 - Global Incorporated. Tolmar occupies the buildingunder a long-term, triple-net lease, according to W.P. Carey.
Tolmar used the proceeds to finance its acquisition of themajority of the US assets of QLT Inc., a Canadian biopharmaceuticalcompany. Tolmar is using QLT to enter the US market withmanufacturing capabilities in multiple drug areas.
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