NEW YORK, NY--(Marketwire - Jan 31, 2013) - W. P. Carey Inc. (
W. P. Carey Managing Director and Co-Head of Global Investments, Jason Fox noted, "We are pleased to have been selected to work with a company like Kraft that is a leader in its industry and brings with it the history of its established brands. We look forward to a long and mutually beneficial relationship with them."
"The sale-leaseback with W. P. Carey provided an opportunity for us to maintain our presence in Northfield and reinvest resulting capital into our business and people," said John Dattilo, Senior Manager, Corporate Real Estate at Kraft. "We are pleased to partner with W. P. Carey, an established sale-leaseback investor, and are looking forward to our future in Northfield."
Kraft Foods Group
Kraft Foods Group, Inc. (
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.
- Mergers, Acquisitions & Takeovers