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Posted: September 22, 2008
STAG Capital acquires 121,760 s/f industrial prop.
STAG Capital Partners, a real estate firm that pro-actively acquires and manages single-tenant industrial and office properties throughout the U.S, purchased a 121,760 s/f industrial building.
Located at 60 Industrial Pwy., the property is situated on an 8.47-acre site in one of Buffalo's largest industrial regions. Built in 1967 and renovated in 2002 and 2004, the property is fully leased to two tenants: The Mentholatum Co., a wholly-owned subsidiary of Rohto Pharmaceutical Co., the global manufacturer and marketer of OTC medicine and personal care products; and UPS Supply Chain Solutions, a wholly-owned subsidiary of United Parcel Service (UPS). The property was sold by 60 IP, LLC. The purchase price was not disclosed.
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