Business and Finance Business and Finance
Tue, March 27, 2012

CapLease Extends Nestle Lease in Pennsylvania


Published on 2012-03-27 08:31:35 - Market Wire
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NEW YORK--([ ])--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.

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