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Firm Acquires IntegraColor Headquarters In Sale-Leaseback Deal

Press release from the issuing company

Transaction Provides IntegraColor with Long-Term Financing for Operations and Future Expansion NEW YORK, July 15 - Investment banking firm W. P. Carey & Co. LLC announced today that it has acquired and leased-backed the corporate headquarters and two additional facilities fromMesquite, TX-based IntegraColor, Ltd., for approximately $12.3 million. IntegraColor provides specialized print-based solutions to a broad range of commercial clients, including those in the Fortune 500 and horticultural industry. Under the terms of the sale-leaseback transaction, the three properties, which total approximately 360,000 square feet of space, will be leased under a 20-year bond-type net lease. The facilities, which include IntegraColor's corporate headquarters and primary manufacturing facilities, are located in Mesquite, TX, 12 miles east of downtown Dallas. The facilities were purchased on behalf of Corporate Property Associates 15 Incorporated (CPA:15), W. P. Carey's newest publicly held non-traded real estate investment trust (REIT) and a member of the $3.5 billion W. P. Carey Group. IntegraColor is the latest paper/printing company to join W. P. Carey's diversified portfolio of tenant-clients. Other tenant-clients in this industry that have completed sale-leaseback transactions with W. P. Carey include: Xerox Corporation, Unisource Worldwide, Inc., Jen-Coat, Inc., Perry Graphic Communications, United Stationers Supply Co., Masterprint and ADR Bookprint, Inc. "This transaction will provide IntegraColor with new capital for various corporate initiatives," said Anne R. Coolidge, Executive Director at W. P. Carey. "In today's tightening credit markets, companies are realizing the benefits of the sale-leaseback which enables them to convert their bricks and mortar into working capital from an otherwise depreciating asset." "We were seeking a financing option that would assist us in facilitating our growth, and leadership position within the printing industry," said Larry King, president of IntegraColor. "We determined that the sale-leaseback approach, offered by industry leader W. P. Carey, would help us achieve these key objectives." Founded in 1957 as a printer to the horticultural industry, IntegraColor today has a customer base of more than 20,000 accounts with expertise in point-of-purchase signage and displays, educational curriculum, catalog production, magazine publishing, direct mail and other specialty printing. The Company specializes in sheet fed and web offset printing, UV offset printing, flexographic printing, screen-printing, digital and various other specialized processes.

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