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Contact:
Karen Carpi
Marketing Coordinator
(617) 574-4777
BOSTON, MA, February 20th, 2008 - STAG Capital Partners, a real estate firm that pro-actively acquires and manages single-tenant, net leased properties throughout the United States, is pleased to announce the purchase of a 201,800 square foot warehouse and distribution facility in Lexington, North Carolina.
The building is situated on 10 acres of land at 200 Woodside Drive and is fully leased to Kimberly-Clark Corporation (NYSE: KMB), a leading global health care and hygiene company.
Ken Butler of NAI Avant and Dick Merritt of Merritt & Company represented the seller, Lexington Associates LLC. and 800 East Washington LLC., while Michael Chase represented STAG in-house.
STAG Capital Partners actively acquires single-tenant, net leased properties via 3rd party transactions and corporate sale-leasebacks to add to its existing portfolio of real estate assets. Tenants in these properties have included private equity sponsored companies and both investment and sub-investment grade corporations. Property types include warehouse, flex, manufacturing, and office buildings.
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