NEW YORK, NY--(Marketwire - Mar 7, 2013) - W. P. Carey Inc. (
Harmon Center is accessible by a pedestrian ramp crossing over the intersection of Las Vegas Blvd. and East Harmon Avenue. Pedestrian traffic is estimated to exceed 75,000 people per day, potentially making it one of the busiest Walgreens stores worldwide.
Commenting on the financing, W. P. Carey Managing Director Jason Fox noted, "We are pleased to complete the financing of this solid asset on behalf of CPA®:17 - Global. The long term, triple-net lease with Walgreens, an investment grade tenant and the center's prime location on The Strip in Las Vegas in combination with the recently closed financing with Wells Fargo will enable this investment to generate very attractive cash flows and returns for CPA®:17 - Global and its investors."
W. P. Carey Inc.
Celebrating its 40th anniversary, W. P. Carey Inc. is a publicly traded REIT (
This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission.