Stag Industrial pays $8.1M for warehouse and distribution property
01.01.70
The Boston real estate investment firm Stag Industrial has paid $8.1 million for the OPW Fueling Containment Systems property in Smithfield.
OPW provides underground fuel containers to gas stations and has operated a warehouse and distribution facility since 2001 from its 191,450-square-foot building at 3250 US Highway 70 West in Smithfield. OPW had acquired the assets of Environ Holdings in Smithfield in 2006.
OPW’s building, which still has about 10 years remaining on its lease term, was sold to Stag Industrial Inc. (NYSE: STAG) of Boston, according to a release from the real estate company. Stag owns a portfolio of more than 101 properties in 26 states in the U.S. consisting of mostly single-tenant industrial properties.
The OPW building acquisition brings the company’s total acquisition volume since the company’s April 2011 initial public offering to about $92 million.
OPW is a subsidiary of Dover Corp. (NYSE: DOV) of Downers Grove, Ill., which is a global manufacturer of industrial products that had more than $6.7 billion in sales last year.
Source: Triangle Business Journal
Liz Callaway Leads SUNSET BOULEVARD at Pittsburgh CLO Next Summer
01.01.70
Pittsburgh CLO will welcome Liz Callaway back to Pittsburgh in 2012 to star as Norma Desmond in Pittsburgh CLO’s inaugural production of Sunset Boulevard. Ms. Callaway charmed audiences and critics alike last summer in Pittsburgh CLO’s premiere of Love Changes Everything: The Music of Andrew Lloyd Webber. The remainder of the cast for this extraordinary production will be announced in the coming months.
Award-winning actress, singer, and recording artist Liz Callaway made her Broadway debut in Stephen Sondheim’s Merrily We Roll Along. She received a Tony Award® nomination for her performance in Baby, and for five years, appeared as Grizabella in Cats. She has also starred in the original casts of Miss Saigon, The Three Musketeers, and The Look of Love. Off-Broadway, she received a Drama Desk nomination for her performance in The Spitfire Grill, and also appeared in No Way to Treat a Lady, Marry Me a Little, and Brownstone. Other New York appearances include Hair in Concert, the legendary Follies in Concert at Lincoln Center, A Stephen Sondheim Evening, and Fiorello! at Encores!
Source: Broadway World
