**W. P. Carey Completes $61M Sale-Leaseback with AeriTek for Mexican Industrial Facilities**
W. P. Carey Inc. (WPC), a leading net lease real estate investment trust (REIT), has successfully completed a $61 million sale-leaseback transaction involving six industrial facilities located in Mexico. The portfolio, comprising 670,000 square feet of space, is net-leased to AeriTek, a prominent manufacturer and distributor of commercial refrigeration and foodservice equipment.
The facilities included in the transaction represent AeriTek’s most profitable manufacturing operations and are the only plants serving both the U.S. and Mexican markets, accounting for approximately 75% of the company’s total revenue. AeriTek has established long-term relationships with several of the world’s largest food and beverage companies. The company is backed by middle-market private equity firm Mill Point Capital.
Commenting on the deal, Zachary Pasanen, Managing Director, Investments at WPC, stated, “We’re proud to have completed this cross-border transaction, which highlights our ability to execute complex sale-leasebacks in Mexico. In today’s environment, sale-leasebacks continue to be a powerful tool for unlocking capital and supporting long-term growth. This deal reflects our commitment to delivering tailored real estate solutions that drive strategic value for our partners.”
