STAG Capital Partners recently purchased a 414,700-square-foot warehouse and distribution facility in Plymouth, Mich.
The value of the transaction was not disclosed.
The property is located on 35 acres of land at 9075 Haggerty Road in Plymouth and was fully leased at closing to Spartan Stores Inc., a regional grocery distributor and grocery retailer, operating principally in Michigan and Ohio. The property has been occupied by Spartan Stores as the original and only tenant since 1975, according to a press statement.
STAG Capital Partners actively acquires single-tenant, net-leased properties, which include warehouse, flex, manufacturing and office buildings. Plymouth Investors LLC sold the property.