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Berry Plastics Inks $87M Sale-Leaseback for 3 Facilities

W.P. Carey Takes Control of 1.4 Million SF of Space in IN, MD and KS
By Laurie Forbes
January 23, 2008 | 4:13 P.M.

Berry Plastics sold its headquarters and three facilities to affiliates of W.P. Carey & Co. LLC in an $87 million sale-leaseback deal. W. P. Carey’s REIT affiliate, CPA(R):16-Global, and fund, CPA(R):17-Global, acquired more than 1.4 million square feet in flex/industrial space in Indiana, Maryland and Kansas.

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