Food Production
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.
International Food Production Business
$104 million sale-leaseback of six mission-critical food production facilities located across the U.K., Czech Republic and Slovakia.
Premium Brands
$166 million sale-leaseback of specialty food manufacturing facility serving over 20,000 customers across 90+ brands.
Morato
W. P. Carey completes $70 million sale-leaseback of food production portfolio in Italy and Spain.