STAG Industrial – STAG – Acquisition of Warehouse and Distribution Facility
STAG Industrial, Inc. (NYSE: STAG) announces the acquisition of a warehouse and distribution facility containing a total of 357,673 square feet for approximately $16.2 million located in Harrisonburg, Virginia.
The building is 100% leased to Plygem Holdings, Inc. with a remaining lease term of over 5 years. Ply Gem Holdings, Inc., together with its subsidiaries, manufactures and sells residential and commercial exterior building products primarily in the United States and Canada. The company distributes siding and siding accessories from this facility.
This acquisition brings STAG’s total 2012 acquisition volume to over $372 million.
About STAG Industrial, Inc. – STAG
STAG Industrial, Inc. (STAG) is a fully integrated, full service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG’s portfolio consists of 168 properties in 31 states with approximately 28.5 million rentable square feet.
STAG is a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The Company owns its interests in all of its properties and conducts substantially all of its business through its operating partnership, STAG Industrial Operating Partnership, L.P. In August 2012, it acquired 407,981 square foot, warehouse and distribution facility located in Atlanta, Georgia. In September 2012, it acquired three industrial buildings containing a total of 518,838 square feet, and a 200,000 square foot warehouse and distribution facility located near Green Bay Wisconsin. In September 2012, it acquired two warehouse and distribution facilities containing a total of 787,380 square feet. In October 2012, it acquired a portfolio of 31 primarily single tenant industrial buildings. In November 2012, acquired a warehouse and distribution facility and a light manufacturing and warehouse facility.