STAG Capital buys 3-property portfolio

Sites used for servicing, building steel machinery parts

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STAG Capital Partners acquired three manufacturing facilities in Gadsden, Ala., for an undisclosed price. The total size of the portfolio is approximately 195,000 square feet. The three buildings, located adjacent to one another on 17 acres of land, are each approximately 65,000 square feet. Hickory Hills Leasing LLC sold the portfolio. At the time of sale, one of the buildings was fully leased to Super Steel South, which provides metal heat treating services such as annealing, cleaning and coating. The remaining two buildings were fully leased to NSS Technologies (National Set Screw). National Set Screw manufactures cold-formed steel components for engines, autos, trucks, farm and construction equipment, and industrial machinery. ...