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Tuesday, June 29, 2010

REIT Obtains a $41 million Construction Loan

Bowling Green, Kentucky - The Sun Products Corp. has agreed to lease a distribution center to be built outside Bowling Green, Kentucky. This leased Commercial Real Estate Building will supply Sun's line of household laundry detergents and cleaners to East Coast consumers.

Real Estate Investment Trust

Investment manager W.P. Carey & Co. LLC said one of its real estate investment trusts (REIT) obtained a $41 million construction loan to build the 1.4 million-square-foot center adjacent to one of Sun's manufacturing plants. These types of large distribution centers are a premier investment for many REITs.

W. P. Carey & Co. LLC is an investment management company that provides long term sale leaseback and build to suit financing for companies worldwide and manages a global investment portfolio approaching $10 billion.

Sun Products will occupy the facility under a long-term, Triple Net Lease that will allow it to consolidate nine other facilities in the Bowling Green area.

A real estate investment trust (REIT) is a company or Group which owns, and in most cases, operates income-producing real estate. The normal REIT might own many types of commercial real estate property investments, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, motels, hotels and even timberlands

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, for all Florida Commercial Property Listings For Sale. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property. The Florida real estate market is very attractive to many Investors.

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