National Commercial Real Estate News From CoStar Group
Kraft Completes 679,000-SF Sale-Leaseback Outside Chicago
Kraft Foods Group (Nasdaq:KRFT) finalized the sale-leaseback of its 70-acre campus in Northfield, IL. W.P. Carey Inc. (NYSE:WPC), a REIT that owns and manages net leased assets, is the buyer. The price was undisclosed.
Kraft will maintain its headquarters at the 679,000-square-foot office building at 3 Lakes Drive in Cook County. Built in 1990, the four-story facility is fully occupied by the single tenant. It is 20 miles north of Chicago....