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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 148,000 square feet of warehouse and distribution space in Warrendale, Pennsylvania.
The building is located at 405 Keystone Drive in the Thorn Hill Industrial Park and is fully leased to the Serco Group., a provider of human resource focused business process management, IT services, systems engineering, and consulting services to the U.S. Military and defense department, the U.S. postal service, federal civilian agencies, state and local governments, and commercial customers.
Louis Oliva, SIOR of Grubb & Ellis in Pittsburgh represented the seller, Robinson Properties, L.P. while Mike 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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