X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

BOSTON-Continuing its global buying spree of single-tenant net leased properties, STAG Capital Partners has completed two separate property deals in Boardman and Twinsburg, OH. The firm paid $7.8 million for a 121,000-sf manufacturing and warehouse building at 7790 Bavaria Rd. in Twinsburg, OH, while a two-building complex in Boardman totaling 277,000 sf traded for $6.5 million.

In the Twinsburg transaction, STAG secured a 17-year sale-leaseback with Atlas, a metal processing company that services a variety of applications and industries. Bill Vogelgesang of Candlewood Partners represented the seller in the negotiations. Calls to Vogelgesang and STAG officials at its Downtown Boston headquarters were not retuned by press deadline.

The parties involved also did not respond to the Boardman acquisitions, in which STAG bought 365 McClurg Rd. and 8401 Southern Blvd. from Puma Investments. Brian Lehner of Realty Solutions represented the seller, while Eric Cooper of Southpace Properties was agent for STAG.

STAG purchased both Ohio portfolios on behalf of Fund III, which now has more than 50 assets and seven million sf in 22 states under its control. That investment vehicle and others sponsored by STAG has given the company a portfolio extending across the US as well as Europe. In Ohio, the firm owns properties in such markets as Akron, Maimisburg and Canton, in the latter case having last month bought a 446,000-sf office and warehouse facility at 818 Mulberry St., a deal reported in GlobeSt.com on Nov. 5th.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.