News: Front Section
Posted: October 2, 2007
STAG Capital Partners completes two industrial sales totaling 91,000 s/f
STAG Capital Partners, a real estate firm that pro-actively acquires and manages single tenant, net-leased properties throughout the U.S., has purchased two industrial buildings totaling 91,000 s/f.
The properties located at 6051 N. Lee Highway and 2311 N. Lee Highway in Lexington, VA range in size from 16,000 to 75,000 s/f and are located 8 miles from one another along I-81. Both properties are fully leased to Base-X, Inc., a manufacturer of shelters and products providing complete mobile infrastructure solutions for Military and Homeland Defense applications.
James McVey of Commonwealth Commercial Partners, represented the seller, Maurer-Winfree, LLC, while STAG was represented in-house by Ted Norberg.
STAG acquires single-tenant, net leased properties via 3rd party transactions and corporate sale-leasebacks.
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