STAG Industrial, Inc. Buys Hazelwood Ave Property

Boston, Mass. based STAG Industrial, Inc. has acquired a $10.7 million, 305,550 square foot warehouse and distribution facility located in Hazelwood.

The building is situated on 15.8 acres of land at 7275 Hazelwood Ave. The building was constructed in 1970, expanded in 1984 and renovated in 2008, according to a STAG statement. Cott Beverages leases the entire space with approximately seven years remaining on the lease agreement, according to the statement.

Cott Corporation is a non-alcoholic beverage company that engages in the production, packaging and distribution of retailer brand and branded bottled and canned soft drinks, juices, energy drinks and teas in North America and internationally. It primarily serves grocery, mass-merchandise, drugstore, wholesale and convenience store chains, according to the statement. One known brand in the area includes Vess Soda.

STAG Industrial, Inc. is a startup full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG's portfolio consists of 95 properties in 26 states with approximately 14.9 million rentable square feet, according to its website.