STAG Industrial, Inc. (NYSE:STAG) today announced it has successfully closed the sale of its one million square foot building located in Burlington, New Jersey that was until very recently occupied by the GSA. The gross proceeds of $110.5 million represent a cash capitalization rate of 5.4%.

Including this sale, the Company sold seven buildings with gross proceeds of $279.4 million in 2020. In aggregate, these buildings were originally acquired at an 8.2% cash capitalization rate and were sold at a 5.4% cash capitalization rate. This annual disposition volume is the largest in the Company's history.

"The sale of our Burlington asset was a great outcome for our Company," said Ben Butcher, Chief Executive Officer of the Company. "We look forward to continuing our growth with the accretive redeployment of these proceeds."

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. As of September 30, 2020, the Company's portfolio consists of 462 buildings in 38 states with approximately 92.3 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.