CPA:17 – Global Buys Solar Distribution Facility in Perrysburg, Ohio, for $14M

PERRYBURG, OHIO — CPA:17 – Global, a non-traded real estate investment trust, has acquired a distribution and light manufacturing facility in Perrysburg. InSite Real Estate sold the property for $14 million. The facility is net leased to First Solar Inc. under a 10-year term. The 391,700-square-foot facility serves primarily as warehousing for solar panels with about 80,000 square feet dedicated to light assembly. W. P. Carey Inc. brokered the transaction.