STAG Industrial, Inc. Announces Acquisition And Leasing Activity For August
BOSTON, Sept. 3, 2013
BOSTON, Sept.3, 2013 /PRNewswire/ --STAG Industrial, Inc. (the "Company")
(NYSE:STAG), a company focused on the acquisition, ownership, and management
of single-tenant industrial properties throughout the United States, today
announced its acquisition and leasing activity for August 2013.
(Logo: http://photos.prnewswire.com/prnh/20110907/NE63410LOGO )
In August, the Company acquired two warehouse and distribution facilities
containing a total of 1.2 million square feet for approximately $53.7
million. These properties are located near Milwaukee, Wisconsin and
Baltimore, Maryland. The properties are 100% leased with a weighted average
lease term remaining of over six years.
For the year to date, the Company has acquired 27 industrial facilities
consisting of approximately 5.5 million square feet for approximately $234
In August, the Company signed one renewal consisting of approximately 251,000
square feet. The renewed lease, located in Salem, Ohio, includes a 10-year
extension and an agreement by the Company to expand the building.
For the year to date, the Company has signed 11 new and expansion leases and
seven renewal leases for a total of 2.2 million square feet.
STAG Industrial Inc. is scheduled to attend two conferences in New York City
the week of September 9^th. On September 10^th the Company will be attending
the Wells Fargo Securities Research & Economics 2^nd Annual Net Lease REIT
Forum and on September 12^th the Company will be attending the Bank of America
Merrill Lynch 2013 Global Real Estate Conference.
About STAG Industrial, Inc.
STAG Industrial,Inc. is an industrial operating company focused on
single-tenant, net-leased industrial properties throughout the United States.
The Company's portfolio consists of 198 properties in 34 states with
approximately 34.8million rentable square feet.
For additional information, please visit the Company's website at
This press release, together with other statements and information publicly
disseminated by STAG Industrial, Inc. (the "Company"), contains certain
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. The Company intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor provisions.
Forward-looking statements, which are based on certain assumptions and
describe the Company's future plans, strategies and expectations, are
generally identifiable by use of the words "believe," "will," "expect,"
"intend," "anticipate," "estimate," "should," "project" or similar
expressions. You should not rely on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors that are, in
some cases, beyond the Company's control and which could materially affect
actual results, performances or achievements. Factors that may cause actual
results to differ materially from current expectations include, but are not
limited to, the risk factors discussed in the Company's annual report on Form
10-K for the year ended December 31, 2012, as updated by the Company's
quarterly reports on Form 10-Q. Accordingly, there is no assurance that the
Company's expectations will be realized. Except as otherwise required by the
federal securities laws, the Company disclaims any obligation or undertaking
to publicly release any updates or revisions to any forward-looking statement
contained herein (or elsewhere) to reflect any change in the Company's
expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
SOURCE STAG Industrial, Inc.
Contact: STAG Industrial, Inc., Gregory W. Sullivan, Chief Financial Officer,
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