STAG INDUSTRIAL SIGNS TWO LEASE RENEWALS TOTALING 646,200 SQUARE FEET IN CHATTANOOGA, TN
STAGSTAG Industrial(STAG)2023-12-21 05:47

BOSTON, Dec. 20, 2023 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) announced today that it signed two 63-month early lease renewals totaling 646,200 square feet of warehouse and distribution space in Chattanooga, TN, to a premier multi-national beverage conglomerate. The lease renewals generate a 49.8% cash rent change over the previous term's expiring rent and include 3.0% annual rent escalations thereafter. STAG acquired this asset in August 2015. "This transaction was a testament to ...