STAG Industrial (STAG) Acquires Tenant Industrial Building Portfolio for $30.6M

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STAG Industrial, Inc. (NYSE: STAG) announces the acquisition of a portfolio of six single tenant industrial buildings for $30.6 million. The buildings are located in Connecticut, Florida, North Carolina, New York, South Carolina, and Texas and total approximately 772,000 square feet.

The buildings, which consist of three warehouse and distribution and three light manufacturing facilities, are 100% leased to three different tenants with an average remaining lease term of 12 years. This acquisition is the first transaction resulting from STAG's recent agreement with Columbus Nova Real Estate Acquisition Group, Inc., to source sale leaseback transactions for STAG.

This acquisition brings STAG's total 2012 acquisition volume to approximately $113 million.

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