Sale-leaseback pays off for tech facility.Investment firm W. P. Carey
Carey is the name of several places:
LLC - Logical Link Control has acquired and leased back a warehouse and manufacturing facility from Pittsburgh, Pennsylvania-based Precise Technology, a leading manufacturer of injection molded mold 1 n. 1. A hollow form or matrix for shaping a fluid or plastic substance. 2. A frame or model around or on which something is formed or shaped. 3. Something that is made in or shaped on a mold. precision plastic products, for $16.4 million. This represents W. P. Carey's second sale-leaseback transaction with Precise Technology, a portfolio company of Chicago, Illinois-based private equity firm Code Hennessy & Simmons LLC. The transaction was completed on behalf of Corporate Property Associates 16--Global Incorporated (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]:16--Global), a member of the $7 billion W. P. Carey Group of income generating, publicly held, non-traded real estate investment trusts (REITs). The facility, totaling 264,000 square feet, is located in Buffalo Grove, Illinois This article is about the Chicago suburb, Buffalo Grove, Illinois. For the unincorporated Ogle County community of the same name, see Buffalo Grove, Ogle County, Illinois. and will be leased back for an initial period of 20 years. Precise Technology has the option of maintaining control of the facility for an additional 20 years after the initial lease term expires. |
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