|STAG Industrial, Inc. Announces the Acquisition of a $17.3 Million Warehouse and Distribution Facility|
|Wednesday, 30 May 2012 12:51|
STAG Industrial, Inc. (NYSE: STAG) announces the acquisition of a $17.3 million, approximately 394,289 square foot, warehouse and distribution facility located in Reading, PA.
The building is primarily leased to Packaging Corporation of America ("PCA") with a remaining lease term of approximately 14.5 years. PCA uses this location for business development, product design, and quality testing in addition to production, warehousing and distribution of its packaging products.
This acquisition brings STAG's total 2012 acquisition volume to approximately $83 million.