STAG Capital Partners has purchased approximately 750,000 square feet of office, warehouse and distribution facilities located in Knoxville, Tenn., and Russellville, Ark., as part of a 20-year sale/leaseback transaction with Goody’s Family Clothing Inc.
The value of the transaction was not disclosed.
Goody’s is a retailer of moderately priced family apparel with 381 stores located in small- to mid-sized markets in the Southeast, Midwest and Southwest regions of the United States.
The sale-leaseback was completed in conjunction with the December 2005 acquisition of Goody’s by Prentice Capital Management LP and affiliates, and GMM Capital LLC.
STAG Capital Partners actively acquires single-tenant, net leased properties, which include warehouse, flex, manufacturing, and office buildings.
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