$34m sale-leaseback transaction in 5 states.Investment firm W. P. Carey & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced that it completed $34 million of sale-leaseback and build-to-suit financing transactions with three companies involving seven facilities located in five states. The transactions, completed on behalf of Corporate Property Associates 15 (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. [R]:15) and CPA[R]:14, members of the $5 billion W. P. Carey Group of income generating real estate investment trusts (REITs), involved: American Pad & Paper LLC (Ampad): CPA[R]:15 acquired four manufacturing facilities from Plano, Texas-based Ampad for approximately $16 million. The facilities; which total 924,000 square feet, are located in Mattoon, Illinois Mattoon is a city in Coles County, Illinois, United States. The population was 18,291 at the 2000 census. Mattoon was the site of the "Mad Gasser" attacks of the 1940s. History ; Holyoke and Westfield, Massachusetts Westfield is a city in Hampden County, in the Pioneer Valley of Western Massachusetts, United States. The population was 40,072 at the 2000 census. The ZIP Code is 01085. History The area was originally inhabited by the Pocomtuc tribe, and was known as Woronoco. ; and Morristown, Tennessee Morristown is a city in Tennessee, United States. The population was 24,965 at the 2000 census. It is the principal city of the Morristown, Tennessee Metropolitan Statistical Area, which encompasses all of Grainger, Hamblen and Jefferson counties. . The facilities will be leased back under a 20-year bond-type net lease. Ampad is a leading manufacturer and distributor of writing pads, filing supplies, retail envelopes and specialty papers and serves many of the largest and fastest growing office products retailers and distributors in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Kerr Group, Inc.: CPA[R]:15 acquired two manufacturing/warehouse and distribution facilities located in Bowling Green, Kentucky Bowling Green is the fourth-most populous city in the U.S. state of Kentucky after Louisville, Lexington and Owensboro, with an estimated "population" in 2006 of 53,112. It is the county seat of Warren County and the principal city of and is included in the Bowling Green, Kentucky and Jackson, Tennessee, for approximately $14.8 million. The 368,000 square foot facilities will be leased to Lancaster, Pennsylvania-based Kerr Group under an 18-year bond-type net lease. Kerr Group designs and manufactures highly engineered, proprietary, injection and compression molded plastic closures and containers that incorporate functional features such as child-resistance and tamper-evidence. Kerr Group is majority-owned by Fremont Partners, a San Francisco-based private equity firm. Rave Reviews Cinemas LLC: CPA[R]:14 provided Dallas, Texas-based Rave Reviews with approximately $3.2 million in additional financing to construct two additional theaters, totaling 12,000 square feet, at its 14-screen megaplex located in Pensacola, Florida. CPA[R]:14 provided funding to construct the original 14-screen megaplex in 2000. Rave Reviews focuses solely on building high quality, 14 to 18 screen stadium theater megaplexes in small to mid-size markets in the Southeastern and Southwestern United States. |
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