The Belgian bonds.

Investment firm W. P. Carey & Co. LLC announced that it has recently acquired seven facilities, totaling approximately 411,000 s/f, throughout the U.S. and Belgium for approximately $46.7 million. These latest acquisitions reflect the continued interest among high-quality corporations to match their long-term assets with long-term financing while utilizing the tailored financing provided by W. P. Carey and its affiliates.

Among the transactions funded on behalf of Corporate Properties Associates 15 Incorporated, part of the $6 billion W. P. Carey Group of income generating, publicly held, non-traded real estate investment trusts, were: The acquisition of a Belgian government office facility in Mons, Belgium, for 11.5 [euro] million ($14.7 million U.S.). The 90,000 s/f property will be leased for a period of 18 years. This is the first time the W. P. Carey Group has purchased a property in Belgium and it adds to its growing portfolio of properties in Europe.

The $12.5 million acquisition of the corporate headquarters (two buildings) and primary call center from a leading business services company offering outsourced customer services and customer relationship management programs to Fortune 1000 firms. The 111,000 s/f facilities, located in Peoria, Illinois, will be leased under a 20-year, triple-net lease with two, ten-year renewal options.

The purchase of two warehouse facilities from a leading supplier of plumbing repair products for $9.8 million.

The facilities, located in Oceanside, California and Concordville, Pennsylvania, total 161,000 s/f and will be leased under a 20-year, triple-net lease with two, ten-year renewal options.

The purchase of a leasehold on a sports and fitness center from one of the leading operators of health-fitness clubs in the U.S. for $9.7 million.

The 49,000 s/f facility, located in Englewood, Colorado, has 18 years remaining on its initial lease term with two, five-year renewal options.

Gordon F. DuGan, President and Co-Chief Executive Officer of W. P. Carey, said, "These recent transactions reflect our continued ability to meet the financing needs of high-quality companies worldwide. In addition, we are pleased with the acquisition of a facility in Belgium from the Belgian government."

Editor's Note: A headline for the article on L.J. Melody in our Jan. 21st issue gave the impression that the deal involved a Kansas property. The property was actually located in Kansas City, Missouri.