Sale-leaseback with S&P 500 global tool manufacturer
W. P. Carey provides capital used to fund growth initiatives
Stanley Black & Decker
In 2019, W. P. Carey completed a $94 million sale-leaseback of a high-quality logistics and distribution facility located on the border of North and South Carolina. The 1.2 million-square-foot facility is leased to Stanley Black & Decker, Inc., the leading global manufacturer of hand and power tools, and serves as its second largest distribution center in the U.S. The sale-leaseback provided the company with capital to reinvest in its core business and use for strategic growth objectives.