CHICAGO—STAG Industrial, a publicly-owned, Boston-based REIT, has just purchased a two-building portfolio with adjacent land sites at 1755-1795 N. Butterfield Rd. in suburban Libertyville, IL.

“This was a unique opportunity for a company to buy higher yielding assets with a development upside as well,” Erik Foster, principal, Avison Young, tells GlobeSt.com. Along with principals Mike Wilson, John Hauser, Michael Fonda and Hugh Williams, he represented the seller, Chicago-based Ashley Capital. “It’s a stable product in an environment with plenty of tenants looking for new locations.”

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