This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

STAG Industrial, Inc. Announces The Acquisition Of Three Industrial Properties For $17.6 Million

BOSTON, Dec. 22, 2011 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced the acquisition two manufacturing facilities for a combined 97,400 square feet located in Chippewa Falls, Wisconsin and a 400,000 square foot warehouse and distribution facility located in Rogers, Arkansas.  The properties were acquired in two separate transactions for a total of $17.6 million

(Logo: )

The buildings in Chippewa Falls, Wisconsin were constructed in the 1980's and expanded in 1995. These functional industrial manufacturing facilities are 100% leased to Extrusion Dies Industries, LLC ("EDI") with more than 9 years of remaining lease term. EDI designs and builds flat extrusion dies, coextrusion feedblocks, and slot die coating heads for plastic processors and web converters in the United States and internationally. 

The warehouse and distribution facility located in Rogers, Arkansas was constructed in 2006 and is 100% leased to Glad Manufacturing Company ("Glad") with 6 years of remaining lease term. Glad, a subsidiary of the Clorox Company (NYSE: CLX), manufactures and distributes a variety of consumer products in the United States and internationally.

The completion of these acquisitions brings STAG Industrial's total acquisition volume to approximately $122 million and 3.4 million square feet since its IPO in April 2011. On a square foot basis, the acquisitions increase the Company's asset base by over 24% in less than nine months.

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 105 properties in 27 states with approximately 17.2 million rentable square feet.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs