crefeed.com | STAG Capital Partners buys Michigan bottling warehouse

9/4/2007

STAG Capital Partners buys Michigan bottling warehouse

900 Brooks Ave.

STAG Capital Partners purchased a 310,572 square foot warehouse and office facility in Holland, Mich., from Aspen-Holland Warehouse for an undisclosed amount.

Harry Slenk of Grubb & Ellis Focus Properties represented the seller, while STAG was represented by Chad Barton from Grubb & Ellis Paramount Commerce.

The warehouse and office facility is mostly leased to the American Bottling Co., with the exception of 20,000 square feet of office space.

The warehouse is situated on 22.5 acres and is located at 900 Brooks Ave. in Holland, which is a suburb of Grand Rapids.

American Bottling Co. is a subsidiary of Cadbury Schweppes Bottling Group.

Boston-based STAG Capital Partners acquires and manages single-tenant, net leased real estate assets purchased through third party transactions and corporate sale-leasebacks.

Grubb & Ellis is a commercial real estate advisory firm providing property management and consulting services.

Address: 900 Brooks Ave., Holland, Mich.

Size: 310,572 square feet

Filed Under: Industrial

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