Boston-based real estate firm STAG Capital Partners has acquired 121,760 square feet of industrial space in Cheektowaga, N.Y.
Located at 60 Industrial Parkway, the property is situated on an 8.47-acre site in one of Buffalo's largest industrial regions. Built in 1967 and renovated in 2002 and 2004, the property is fully leased to two tenants: The Mentholatum Co., a wholly-owned subsidiary of Rohto Pharmaceutical Co.; and UPS Supply Chain Solutions, a wholly-owned subsidiary of United Parcel Service.
The property was sold by 60 IP LLC, and the purchase price was not disclosed.