STAG grows portfolio in Northeast

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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...