STAG acquires Ohio warehouses

Buildings sit on 27-acre parcel

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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 ...