Build-to-suit
Novus Foods
W. P. Carey completed the sale-leaseback of a 66,000-square-foot food processing facility in Ohio. The transaction also included a commitment to fund an expansion to the existing facility and a build-to-suit commitment for a new, Class-A distribution facility located on the same campus. Construction is expected to be completed in November 2026. The facility is triple-net leased to Novus Foods, a leader in the refrigerated food and snacks market. With an acquisition-based growth strategy, Novus has acquired and integrated market-leading brands that produce foods that are well positioned in their respective product categories. Novus Foods is backed by private equity firm CapVest and benefits from its significant investment in the company as well as the broader food market.
EoS Fitness
$42 million acquisition of three state-of-the-art fitness facilities in Arizona from developer.
Harbor Freight
$115 million expansion of mission-critical distribution facility supports growing tenant.
Ontex
$38 million build-to-suit financing for mission-critical industrial facility with BREEAM Very Good rating.
Nord Anglia Education Inc.
$167 acquisition of private preparatory school campus and commitment to fund up to an additional $128 million to expand the properties.
Sonae MC
$38 million build-to-suit expansion funding and solar installation to offset energy consumption for tenant.
Upfield
$25 million in build-to-suit financing for portfolio company's state-of-the-art, BREEAM Outstanding R&D facility.
Nippon Express
W. P. Carey provides existing tenant with follow-on capital for the expansion of its facility and supports sustainability projects
Cuisine Solutions
$75 million build-to-suit of new LEED-certified food-production facility in Texas.