TAMPERE, FINLAND-Lease-back specialist W. P. Carey Inc. has acquired the research and development and class-A office facilities of Cargotec Corp.
Cargotec is a publicly-traded Finnish company that develops and manufactures cargo-handling equipment for ships, ports, terminals and local distribution.
The total acquisition cost of the 183,569 square foot facility was approximately $52 million (€40M), and the properties are now subject to a 20-year triple-net lease with the company.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
