STAG Industrial Acquires $9.1 Million Warehouse and Distribution Facility in Spartanburg
April 9, 2012
BOSTON, MA – April 9, 2012 – STAG Industrial, Inc. (NYSE: STAG) announces the acquisition of a $9.1 million, approximately 409,600 square foot, warehouse and distribution facility consisting of four adjoining buildings located in Spartanburg, South Carolina.
The buildings are 100% leased to Louis Dreyfus Commodities Cotton Storage LLC, a subsidiary of Louis Dreyfus Commodities LLC, under a lease with approximately 4 years of remaining term. Louis Dreyfus Commodities Cotton Storage LLC is involved in the storage and distribution of agricultural cotton.
This acquisition brings STAG’s total 2012 acquisition volume to approximately $47 million.
About STAG Industrial, Inc.
STAG Industrial, Inc. 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 111 properties in 28 states with approximately 18.7 million rentable square feet.
For additional information, please visit the Company’s website at www.stagindustrial.com.
