STAG grows portfolio in Northeast

Gains industrial, office space

STAG Capital Partners recently purchased two properties located in Vermont and Massachusetts totaling 203,129 square feet. The total value of the transactions was approximately $15 million. In the first deal, STAG completed a 15-year purchase-leaseback involving 131,000 square feet of manufacturing, warehouse and office space in Brandon, Vt, for more than $5 million. At the time of the transaction, the property was fully occupied by Vermont Tubbs Co., a manufacturer of high-end solid-wood bedroom furniture. In the second transaction, STAG acquired a 72,129-square-foot office building in Marlborough, Mass., for approximately $10 million. The NNN property, located at 123 Felton St., was fully leased at the time of sale by Workscape, a provider of outsourced benefits and workforce management solutions. O'Neill Properties Group sold the property. STAG Capital Partners actively acquires single-tenant, net leased properties, which include warehouse, flex, manufacturing, and office bu...

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