STAG Industrial, Inc. (NYSE : STAG) acquired Four building industrial portfolio in El Paso, Texas and Santa Teresa, New Mexico from Blue Road Investments LLC for approximately $37.8 million .
July 25, 2022
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STAG Industrial, Inc. (NYSE : STAG) acquired Four building industrial portfolio in El Paso, Texas and Santa Teresa, New Mexico from Blue Road Investments LLC for approximately $37.8 million on July 26, 2022. The JLL Capital Markets Investment Sales and Advisory team representing the Blue Road Investments was led by Senior Managing Directors Dustin Volz and Trent Agnew, Directors Dom Espinosa and Zach Riebe, Associate Josh Villarreal and Analyst Jack Copher.
STAG Industrial, Inc. (NYSE : STAG) completed the acquisition of Four building industrial portfolio in El Paso, Texas and Santa Teresa, New Mexico from Blue Road Investments LLC on July 26, 2022.
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Companyâs is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings.
STAG Industrial, Inc. (NYSE : STAG) acquired Four building industrial portfolio in El Paso, Texas and Santa Teresa, New Mexico from Blue Road Investments LLC for approximately $37.8 million .