STAG Industrial, Inc. Signs 105,000 Square Foot Lease in Belvidere, IL
January 28, 2016 at 02:35 am IST
Share
STAG Industrial, Inc. announced that it has signed a renewal lease for a total of 105,000 square feet at a distribution warehouse building located in Belvidere, IL. The lease was signed by an automobile supplier for a term of three years.
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Companyâs is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings.
STAG INDUSTRIAL, INC. 
