Search
 

STAG Capital Grabs 121,760-SF Facility

CHEEKTOWAGA, NY-The Boston-based real estate firm picks up an industrial space that is fully-leased by two tenants, Mentholatum Co. and UPS Supply Chain Solutions.

By Ryan Clark | Updated on August 29, 2008

CHEEKTOWAGA, NY-STAG Captial Partners is purchasing a 121,760-sf industrial building here. Situated on an 8.47-acre site, the building has easy access to Route 277 through Buffalo, NY.

The building, located at 60 Industrial Pkwy., is being sold by 60 IP LLC, which purchased it from Canadian investors in 2004. The price of the purchase is undisclosed, but the property reportedly changed hands for just under $4 million when bought by 60 IP LLC.

The facility is fully-leased, housing two tenants, the Mentholatum Co. a subsidiary of Rohto Pharmaceutical Co.–the manufacturer and marketer of OTC medicine and personal care products–and UPS Supply Chain Solutions. Mentholatum leases 40,000 sf at the property, where it relocated its warehouse and distribution operations from Grand Island, NY.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.