NEW YORK--([ BUSINESS WIRE ])--CapLease, Inc. (NYSE: LSE)announced today that it has received the fully executed lease renewal from Nestl Holdings, Inc. for the 1,045,153 square foot property the Company owns located at 555 Nestl Way, Breinigsville, PA. The lease renewal term is for five years commencing January 1, 2013, and the rate is $4.40 per square foot increasing 3% per annum.
About the Company:
CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns and manages single tenant commercial real estate properties subject to long-term leases to high credit quality tenants.