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STAG Capital Partners Announces Ohio and Kentucky Acquisitions: "Issue Date: 6/18/2007, Posted On: 6/20/2007
STAG Capital Partners Announces Ohio and Kentucky Acquisitions
BOSTON-- STAG Capital Partners, a real estate firm that pro-actively acquires and manages net-leased properties throughout the United States, announced it has acquired 256,026 SF of warehouse and manufacturing space in Youngstown, Ohio, and Bardstown, Kentucky.
The acquisitions are part of a 15-year sale-leaseback transaction with Polyair Corp., a manufacturer and distributor of protective packaging products in the United States and Canada.
The property in Youngstown, Ohio, consists of 153,708 square feet located on 20.4 acres of land at 1100 Performance Place in the Performance Industrial Park.
The property in Bardstown, Kentucky, is 102,318 square feet located on 10 acres of land at 300 Spencer Mattingly Lane.
Both facilities are fully occupied by Polyair Corp., a division of Polyair Inter Pack, Inc (Toronto: PPK). Polyair was represented by Fred Herrera of CB Richard Ellis."
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