NEW YORK – W.P. Carey Inc. has executed a $44 million sale-leaseback of two industrial properties, totaling more than 350,000 square feet in the Midwest.

The state-of-the-art food manufacturing facilities are currently master leased by a leading food manufacturer, on a triple-net basis for 25 years with fixed annual rent escalations.

The established US food manufacturer tenant provides both contract manufacturing and private label solutions to more than 130 customers.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.