STAG Capital Partners has purchased two flex/office properties in Newark, Del.
The value of the transaction was undisclosed.
The buildings include a total of 52,665 square feet and are located at 111 and 113 Pencador Drive in the Pencadar Corporate Center.
The properties are fully occupied by three tenants, including Strategic Diagnostics, Abundant Life Christian Center and Easter Seals.
Robert E. Yoshimura of The Flynn Co. represented the seller, Brandywine Grande B LP, while Ted Norberg represented STAG in-house.
STAG Capital Partners acquires single-tenant, net leased properties via third-party transactions and corporate sale-leasebacks to add to its existing portfolio of real estate assets. The company also operates a series of funds on behalf of certain institutional partners.