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STAG Capital Partners Acquires 121,760 SF In Cheektowaga, New York

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 121,760 square feet of industrial space in Cheektowaga, New York.
 
Located at 60 Industrial Parkway, the property is strategically 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.
 
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.