STAG Industrial, Inc. Announces Acquisition And Leasing Activity For May 2013
BOSTON, June 3, 2013 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG), a company focused on the acquisition, ownership, and management of single-tenant industrial properties throughout the United States, today announced its acquisitions and leasing activity for May 2013.
The Company acquired two warehouse and distribution facilities containing a total of 337,380 square feet for approximately $18.5 million. These properties were acquired in individual transactions and are located in Mount Prospect, Illinois, and Williamsport, Pennsylvania. The properties are 100% leased with a weighted average lease term remaining of over seven years.
For the year to date, the Company has acquired thirteen industrial facilities consisting of approximately 2.9 million square feet for approximately $111 million
The Company signed three new leases consisting of approximately 261,000 square feet and one renewal of an existing lease consisting of approximately 68,000 square feet. Two of the leases signed were located in the Detroit, Michigan area, one in Daytona Beach, Florida and the other in Lafayette, Indiana.
STAG Industrial, Inc. to Present at REITWEEK 2013: NAREIT's Investor Forum
Ben Butcher, CEO and President, is scheduled to present at NAREIT's Investor Forum, which is being held at the Hilton Chicago June 5th through the 7th. The presentation is scheduled to begin on Thursday, June 6th at 11:45 a.m. Central Time. A live simultaneous webcast of the presentation will be available on the Investor Relations section of the Company's website at www.stagindustrial.com, or by clicking on the following link:
The archive replay will be available for 90 days after the live webcast.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG's portfolio consists of 185 properties in 33 states with approximately 32.2 million rentable square feet.
For additional information, please visit the Company's website at www.stagindustrial.com.
This press release, together with other statements and information publicly disseminated by STAG Industrial, Inc. (the "Company"), contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2012, as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
SOURCE STAG Industrial, Inc.