W. P. CAREY ACQUIRES 250,813 SF OFFICE FACILITY FOR $47M OUTSIDE OF BOSTON

WESTBOROUGH, MASS. — W. P. Carey Inc. has acquired a facility within Westborough Technology Park in Westborough, a suburb 30 miles west of Boston. The 250,813-square-foot office property sold for $47 million. The property is currently leased to Bose Corp. for a period of 11 years. The seller was Columbia Property Trust. W. P. Carey is a global net-lease REIT specializing in corporate sale-leaseback financing, build-to-suit construction financing and the acquisition of single-tenant net-lease properties.