W.P. Carey with $45M acquisition

|About: W.P. Carey, Inc. (WPC)|By:, SA News Editor

One of W.P. Carey's (WPC) non-traded REITs acquires a 515K square foot distribution center leased to retailer Belk, Inc. A portion of the investment will fund the construction of a 346K square foot expansion expected to be completed in January.