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W.P. Carey - Life Time Fitness Complete $63 M Sale-Leaseback Transaction

Life Time Fitness Sells Columbia and Phoenix Fitness Centers, Leases Back for 20+ Years
By Sasha M Pardy
October 3, 2008 | 7:10 P.M.

W.P. Carey Co., under affiliate Corporate Property Associates 17 -- Global Incorporated, completed the acquisition of two fitness centers for $63 million. Life Time Fitness, Inc was the seller of the two buildings, which total 220,340 square feet and are located in Columbia, MD (7220 Lee DeForest Dr. , 110,590 sq. ft.) and Scottsdale, AZ (6850 E. Chauncey Lane, 109,750 sq. ft.).

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