Stag Industrial Febuary activity

|By:, SA News Editor

STAG acquired two warehouses and distribution facilities with a total of 659K square feet for about $23.9M. The properties - located in Allentown, PA and Nashua, NH - are 100% leased with a weighted-average term remaining of five years.

On the leasing front, Stag has inked over 770K square feet of leases YTD - four renewals for 665K square feet and three expansion leases totaling 105K.

For perspective, the company's portfolio consists of 211 properties in 34 states with about 38.7M rentable square feet.