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DALLAS-New York-based W. P. Carey & Co. says in a prepared statement it paid about $12.3 million to buy Mesquite, TX-based IntegraColor’s corporate headquarters and two additional manufacturing facilities, and then leased them back to IntegraColor for an undisclosed aggregate rent.

Under the terms of the sale-leaseback transaction, the three properties, which total about 360,000 sf of space, will be leased under a 20-year bond-type net lease.

The facilities are in Mesquite, TX, 12 miles east of Downtown Dallas. The properties were purchased by Carey for Corporate Property Associates 14 Inc. (CPA:14), a publicly held, non-traded real estate investment trust affiliated with W.P. Carey Group.

The sale-leaseback enables IntegraColor to convert its bricks and mortar into working capital from an otherwise depreciating asset, Anne R. Coolidge, executive director at W. P. Carey, says in the statement.

IntegraColor officials say in the same statement they plan to use the money from the sale-leaseback to grow the firm’s business.

IntegraColor, which provides specialized print-based solutions, is the latest paper/printing company to join W. P. Carey’s diversified portfolio of tenant-clients.

Other tenant-clients are Xerox Corp., Unisource Worldwide, Inc., Jen-Coat, Inc., Perry Graphic Communications, United Stationers Supply Co., Masterprint and ADR Bookprint, Inc.

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