$7.1 Million: Stag Industrial secures Houston Building

Stag Industrial purchased the 1020 Rankin Road building in Houston.

HOUSTON – NAI Partners represented Stag Industrial Holdings in the purchase of a 185,000 SF manufacturing building on 16.8 acres at 1020 Rankin Road in Houston. The price was $7.1 million.

In Stag Industrial is a self, administered and self-managed full-service real estate company focused on the purchase, ownership and management of single tenant industrial properties throughout the United States.

John Ferruzzo and Clay Pritchett both of NAI Partners represented the buyer, STAG Industrial Holdings, LLC. Bill Rudolf and Gray Gilbert of CBRE represented the seller, Texas Best Land.