Eroski Sociedad Cooperativa, a Spanish supermarket owner and operator, has recently inked a sale-leaseback agreement on a 13-property portfolio. The New York based W. P Carey & Co LLC through CPA®:17-Global, a publicly held, non-traded REIT has paid $51 million for the portfolio.

While talking to reporters, executive director of W. P. Carey, Jeffrey Lefleur said, “The Eroski acquisition represents an opportunity to enter the Spanish market by investing in well-located retail locations leased to an established brand name retailer.”