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UNIVERSITY PARK, ILL. — W. P. Carey Inc. has acquired an 824,624-square-foot distribution facility in Illinois from Exeter Property Group for $48 million. The facility is located in University Park, a suburb of Chicago. The Class A property is leased to a subsidiary of The J.M. Smucker Co. for 9.5 years. The original 575,024-square-foot facility was built in 2008. In 2013, Exeter expanded the facility by 249,600 square feet to facilitate the distribution of coffee under the Folgers brand, which Smuckers acquired in 2008. The facility is one of only six distribution centers operated by Smuckers in the United States.