Jones Lang LaSalle
W.P. Carey Completes Multi-Store Sale-Leaseback with Kings Super Markets
W.P. Carey & Co. has completed the sale-leaseback acquisition of 26 Kings grocery stores in Northern New Jersey. Six of the stores were purchased by the company's real estate fund Corporate Property Associates 16. Following the transaction, an investor group acquired Kings Super Markets Inc. for $61.5 million.
W.P. Carey Completes Multi-Store Sale-Leaseback with Kings Super Markets
W.P. Carey & Co. has completed the sale-leaseback acquisition of 26 Kings grocery stores in Northern New Jersey. Six of the stores were purchased by the company's real estate fund Corporate Property Associates 16. Following the transaction, an investor group acquired Kings Super Markets Inc. for $61.5 million.
posted by Jones Lang LaSalle NJ News Blog at 2:08 PM
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