Carey buys CO pharma-plant.COLLINS, CO: W. P. Carey & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has completed the acquisition of a 65,000 s/f pharmaceutical manufacturing facility in Fort Collins, Colorado The City of Fort Collins, a home rule municipality situated on the Cache la Poudre River along the Colorado Front Range, is the county seat and most populous city in Larimer County, Colorado. . The $13.6 million purchase was made on behalf of W. P. Carey's affiliated fund, Corporate Property Associates 16--Global Incorporated The property is leased under a long term triple net lease to the phamaceutical firm, Tolmar Inc. The proceeds of the sale were used to finance the purchase of the majority of the U.S. assets of QLT QLT Quadra Logic Technologies QLT Quick Link Text Inc., a Canadian biopharmaceutical company. Legacy Partners Group, LLC acted as advisor to Tolmar in connection with the transaction. Chad F. Edmonson, vice president at W. E Carey, said, "We were excited to work with both Tolmar and Legacy Partners on this transaction. It is a perfect example of a strategic corporate buyer using a sale-leaseback to fund acquisitions at an attractive long term cost of capital." Tolmar CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mike Duncan Robert M. ("Mike") Duncan is the current chairman of the Republican National Committee. He was elected on January 19, 2007, to replace Ken Mehlman. Career A civic capitalist, Mike Duncan is active in numerous professional and nonprofit organizations. said, " Despite the multiple complexities this deal represented, W. P. Carey was able to meet our timelines and close on this transaction as promised." |
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