In July the Company acquired two buildings, one warehouse and distribution facility and one light manufacturing facility, containing a total of 250,100 square feet for approximately $10.8 million. These properties are located in Nashville, Tennessee and Tulsa, Oklahoma. The properties are 100% leased with a weighted average lease term remaining of six years. For the year to date, the Company has acquired 25 industrial facilities consisting of approximately 4.3 million square feet for approximately $181 million.
The Company signed three new leases consisting of approximately 119,000 square feet. The leases signed were located in the Holland, Michigan, as well as Simpsonville, South Carolina, and El Paso, Texas. For the year to date, the Company has signed ten new and six renewal leases for a total of over 1.9 million square feet.
STAG Industrial, Inc. to Present at the Midwest IDEAS Conference on August 27, 2013
Ben Butcher, CEO, will present at the Midwest IDEAS Investor Conference on August 27, 2013. The conference is being held at the University of Chicago's Gleacher Center in Chicago, Illinois. Mr. Butcher's presentation is scheduled to begin at 1:30 p.m. CDT ( 2:30 p.m. EDT). A live and archived webcast of the presentation may be accessed at the conference website, www.IDEASconferences.com, or in the investor relations section of the Company's website: www.stagindustrial.com. 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. The Company's portfolio consists of 196 properties in 34 states with approximately 33.6 million rentable square feet. For additional information, please visit the Company's website at www.stagindustrial.com. Forward-Looking StatementsThis 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.