STAG acquires Ohio warehouses

STAG Capital Partners this week announced a large industrial purchase in Seville, Ohio, that included a leaseback with the seller.

An affiliate of Ohio Wholesale Inc. -- the current tenant -- sold the two warehouse facilities at 5160 and 5180 Greenwich Road for an undisclosed price.

Ohio Wholesale, which distributes decorative and functional giftware to retailers nationwide, leased back the 345,000-square-foot property on a 15-year term. The tenant wholly occupies both buildings, which sit on 27 acres.

***

What's your opinion? Send your Letter to the Editor to opinion@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.