STAG Industrial, Inc. (STAG: Quote) said Monday that it has acquired a $9.1 million, about 409,600 square foot, warehouse and distribution facility consisting of four adjoining buildings located in Spartanburg, South Carolina.
The buildings are 100% leased to Louis Dreyfus Commodities Cotton Storage LLC, a subsidiary of Louis Dreyfus Commodities LLC, under a lease with approximately 4 years of remaining term. Louis Dreyfus Commodities Cotton Storage LLC is involved in the storage and distribution of agricultural cotton.
The acquisition brings STAG's total 2012 acquisition volume to about $47 million.
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by RTT Staff Writer
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