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O’HARA TWP., PA-Boston-based Stag Capital Partners has acquired Allegheny Distribution Center, a 900,000-sf warehouse, for nearly $19.7 million, or about $22 per sf. It is located on 30 acres in the 350-acre Regional Industrial Development Corp. industrial park, which contains 95 buildings, all under separate ownership.

The Allegheny property is the largest warehouse facility in the market, according to Lou Oliva, SVP in the Pittsburgh office of Grubb & Ellis. He represented the seller, Los Angeles-based Industrial Realty Group, in the transaction and is also handling leasing for the building. Mike Chase represented Stag in house.

In addition to warehouse space, the building contains 58,484 sf of two-story office space. The two major tenants are locally based Genco, a third-party logistics supplier, which occupies approximately 210,000 sf, and American Beverage Corp., which occupies about 510,000 sf. Oliva tells GlobeSt.com the asking price for the building’s vacant 96,000 sf is $2.75 per sf, triple net.

The building was completed in the late 1960s. According to public records Industrial Realty acquired it for $14 million in 1999. A call to Stag was not returned by deadline.

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