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STAG Acquires Four-Property Midwest Portfolio in $12M Sale-Leaseback

BOSTON-STAG Capital Partners has added 436,844 sf to its portfolio with the $12-million acquisition of four, fully leased Midwest industrial properties. Seller Dayton Superior will continue to occupy the buildings for the next 10 to 13 years.

By Beverly Ford | Updated on October 19, 2005

(To read more on the industrial market, click here.)

BOSTON-Locally based STAG Capital Partners has acquired a 436,844 sf portfolio of industrial buildings in Illinois, Kansas and Ohio under a sale-leaseback transaction with Dayton Superior. David Pizzotti, STAG’s vice president, tells GlobeSt.com that the transaction, valued at around $12 million, gives the investment group ownership of four properties with a single, long-term tenant.

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