Contact: Kelly Chase
(617) 226-4987
STAG Capital Partners, a real estate firm that pro-actively acquires and manages single-tenant industrial and office properties throughout the United States, today announced the purchase of 427,000 square feet of industrial space in Sun Prairie, Wisconsin. The seller and the purchase price were not disclosed. STAG was represented in-house by Brad Sweeney and Josh Plosker.
Built in 1989 and renovated in 1993, the 427,000-square-foot property is located at 1615 Commerce Drive on a 24.7-acre site in the Sun Prairie Business Park within the Dane East Industrial sub-market of Madison, Wisconsin. The building, with 360 parking spaces and 21 dock doors, is fully leased to Famous Footwear, the largest segment of Brown Shoe Company, a distributor and retailer of branded, licensed, and private-label casual, athletic, and dress footwear products to women, children, and men in the United States, Canada, China, and internationally.
STAG Capital Partners actively acquires single-tenant industrial and office 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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