One building is located at 3100 West Fairfield Dr. and consistsof 8,885 sf and is 100% leased to the Florida Department ofCorrections, the third largest state prison system in the country.The second building is located at 1301 North Palafox St. andconsists of 45,955 sf and is 100% leased to the Florida Departmentof Law Enforcement.

The seller, Cordova Community Facilities Corp., was representedby Bill Bubnaiak and Paul Debono, of NAI Farbman.

STAG Capital Partners vice president David Pizzotti tellsGlobeSt.com that this is the company's first acquisition inPensacola. The company acquires and manages single-tenant, netleased properties--including warehouse, flex, manufacturing andoffice buildings--throughout the US through third-partytransactions and corporate sale-leasebacks. Tenants in propertieshave included private equity sponsored companies and bothinvestment and sub-investment grade corporations.