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STAG Industrial, Inc. (the "Company")
STAG, a company focused on the acquisition, ownership, and management
of single-tenant industrial properties throughout the United States, today
announced its acquisition and leasing activity for August 2013.
-- Acquisitions
In August, the Company acquired two warehouse and distribution facilities
containing a total of 1.2 million square feet for approximately $53.7
million. These properties are located near Milwaukee, Wisconsin and
Baltimore, Maryland. The properties are 100% leased with a weighted average
lease term remaining of over six years.
For the year to date, the Company has acquired 27 industrial facilities
consisting of approximately 5.5 million square feet for approximately $234
million.
-- Leasing
In August, the Company signed one renewal consisting of approximately 251,000
square feet. The renewed lease, located in Salem, Ohio, includes a 10-year
extension and an agreement by the Company to expand the building.
For the year to date, the Company has signed 11 new and expansion leases and
seven renewal leases for a total of 2.2 million square feet.
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