STAG Industrial acquired three warehouses and distribution buildings in June

theflyonthewall.com

STAG Industrial announced its operating activity for June 2014 as well as the Q2. In June, the Company acquired three warehouse and distribution buildings, containing a total of 716,398 square feet for approximately $26M. These buildings are located in the greater Milwaukee, Wisconsin and Knoxville, Tennessee markets. They are 100% leased with a weighted average lease term remaining of just over four years. In the Q2 the Company acquired a total of nine industrial buildings consisting of approximately 2.1 million square feet for approximately $82M. In June, the Company signed two new leases for approximately 210,000 square feet. The Company also signed three renewal leases containing approximately 694,000 square feet.

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