STAG Industrial Acquires 120,000 SF Distribution Center in Lumberton, New Jersey
LUMBERTON, N.J. — Boston-based investment firm STAG Industrial has acquired a 120,000-square-foot distribution center in Lumberton, an eastern suburb of Philadelphia. At the time of sale, the property was 100 percent leased to FMP Inc., a producer and distributor of commercial kitchen appliances. WHPounds Commercial Real Estate LLC and OPAS Inc. represented the seller, J Grato Enterprises, in the transaction. The sales price was not disclosed.