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 November 2013.
o Acquisitions
In November, the Company acquired three warehouse and distribution
facilities containing a total of 1.2 million square feet for approximately
$32.6 million. These properties are located in North Jackson, Ohio,
Mebane, North Carolina, and Shannon, Georgia. The properties are 100%
leased with a weighted average lease term remaining of over 5 years.
For the year to date, the Company has acquired 33 industrial facilities
consisting of approximately 7.3 million square feet for approximately $290
million.
o Leasing
In November, the Company signed one new lease consisting of approximately
20,000 square feet located in Wichita, Kansas and one renewal consisting
of approximately 18,000 square feet located Elkhart, Indiana.
For the year to date, the Company has signed 17 new and expansion leases
and 11 renewal leases for a total of 3 million square feet.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in