STAG Industrial, Inc. announced this week that it had acquired two industrial properties for $17.9 million according to a Dallas Business Journal article. STAG also closed a $65 million acquisition mortage facility with Connecticut General Life Insurance Company which will be used to fund future acquisitions.
The first building at 1801 Riverbend West Drive in Fort Worth, Texas was built in 1997, renovated in 1999, and is 100% leased to Ecolab, Inc. The second building at 18285 NE Halsey in Gresham, Oregon was originally built in 1960 and last renovated in 2006 and is now leased in part to both Unisource Worldwide and Benson Industries, LLC.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment