BOSTON, March 21, 2012 /PRNewswire/ -- STAG Industrial, Inc. (NYSE: STAG) announces the acquisition of a $6.6 million, approximately 129,325 square foot, warehouse and distribution facility located in Lansing, Michigan.
The building was constructed in 2002 and renovated in 2008. The property is 100% leased to Joseph T. Ryerson & Son, Inc., a subsidiary of Ryerson Inc., under a lease with approximately 7 years of remaining lease term. Ryerson Inc. and its subsidiaries process and distribute metals that include stainless and carbon steel, and aluminum products.
This acquisition brings STAG Industrial's total acquisition volume to approximately $145.7 million since its IPO in April 2011.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a self-administered and self-managed 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 108 properties in 28 states with approximately 17.8 million rentable square feet.
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