W.P. Carey closes on $70M sale-leaseback

• W.P. Carey (NYSE:WPC) completes transaction for a food production and distribution site in the northeastern U.S.
• Site consists of six buildings totaling more than 400K square feet, which are triple-net leased under a master lease for 25 years to an industry-leading supplier of ice cream and beverages.
• The site has served as the tenant's headquarters and primary production facility since its founding.