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W.P. Carey's Latest Acquisition Located In Booming Legacy Business Park
2015-05-04 21:37:24| IT Services - Topix.net
Net-lease REIT stalwart W.P. Carey Inc carefully underwrites each build-to-suit and sale-leaseback deal, but in this case, the neighborhood analysis must have been easier than most. On April 30, W.P. Carey announced that it had acquired a 166,000 square foot office facility leased to $27 billion cap Intuit Inc. on a remaining 11-year lease term located in Legacy Business Park, which is about 30 minutes north of Dallas in Plano, Texas.
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