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AUSTIN-Two of WP Carey Inc.’s non-traded REIT affiliates, CPA®:17 – Global and CPA®:18 – Global, have acquired the State Farm Operations Center from State Farm Mutual Automobile Insurance Co. In its first buy, a sale-leaseback transaction, the New York private REITs paid $110 million for the 448,898-square-foot facility.

The operations center is situated on 83.5 acres at 8900 Amberglen Blvd. in the 263-acre, master-planned Amber Oaks Corporate Center. This master-planned park is ten miles northwest of Austin’s CBD.

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