Monday 09. March 2009
The New York Times Company and W. P. Carey Announce Closing of Sale-Leaseback Transaction for a Portion of The New York Times Building
The New York Times Company and investment firm W. P. Carey & Co. LLC announced today that they had entered into a sale-leaseback transaction for $225 million for part of the space that the Times Company owns in its New York headquarters. The purchase was made by W. P. Carey and two of its publicly-held, non-traded REIT affiliates, CPA:16 – Global and CPA:17 – Global.