STAG Industrial, Inc. acquired two buildings in Columbus and Cleveland, OH for $24.5 million.
May 02, 2022
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STAG Industrial, Inc. (NYSE:STAG) acquired two buildings in Columbus and Cleveland, OH for $24.5 million on February 8, 2022. The purchase price for the Columbus building was $11.49 million, while the purchase price for the Cleveland building was $13 million.
STAG Industrial, Inc. (NYSE:STAG) completed the acquisition of two buildings in Columbus and Cleveland, OH on February 8, 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. 
