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National REIT buys industrial property in the Triad

John Brasier
National REIT buys industrial property in the Triad

A Boston-based real estate investment trust traded on the New York Stock Exchange has purchased a 128,287-square-foot industrial facility in the Triad. STAG Industrial (NYSE: STAG), a REIT focused on buying single-tenant industrial property in the U.S., paid $8.3 million to Anthony Property Group of Raleigh Oct. 22 for the building, which is occupied by PBM Graphics.