Investcorp gains 1.3 million square feet

Investcorp on Thursday announced the acquisition of two industrial properties totaling more than 1.3 million square feet in the New Haven/Hartford corridor in Connecticut.

The value of the transaction was not disclosed.

The first property, Cheshire Distribution Center, comprises 527,000 square feet of warehouse, distribution and office space, and is located in Cheshire. Located on an 83-acre site, the building was developed in 1960 and renovated in 1996.  more...

Memphis' Lenox Park deal completed

Triple Net Properties LLC this week purchased five of Lenox Park's seven multistory office buildings in Memphis, Tenn., for an undisclosed price.

Clark & Clark was the seller.

The properties, Lenox Park C, D, E, F and G are four-story buildings totaling 489,933 square feet. At the time of sale, buildings C, D, E and F were approximately 76 percent leased to 35 tenants, including International Paper and Varsity Spirit, while building G was fully leased to Pfizer Pharmaceutical Co.

Lenox Park was built between 1996 and 2001, according to a press statement.  more...

STAG Capital lands manufacturing facility

STAG Capital Partners recently purchased a 148,298-square-foot manufacturing and office facility in Tavares, Fla., as part of a 10-year sale-leaseback transaction.

Neither the value of the transaction nor the seller's identity was disclosed.

The building, which was 100 percent occupied by a private equity-sponsored industrial manufacturer at the time of sale, sits on 8.72 acres of land.

STAG Capital Partners actively acquires warehouse, flex, manufacturing and office buildings.