News Story

SJC Negotiates Sale of 80,000 SF Class A Office Building for $10.85M
Monday, March 29, 2010

Stan Johnson Company, one of the nation’s premier net lease brokerage firms, represented both the seller, Inland Western Retail Real Estate Trust, Inc. ("Inland Western”) and a private buyer in the sale of an 80,000-square-foot Class A office building 100% leased to Coventry – First Health for $10.85 million. Built in 2005, the mid-rise building is located among other corporate users in the Westover Hills area near Sea World and Hyatt Hill Country Resort.

 “We were able to work within the confines of a shorter lease and existing conduit debt and bring to Inland Western a buyer we had worked with in the past who liked the quality and credit of the asset,” said Craig Tomlinson of Stan Johnson Company, who represented both the buyer and the seller. 

 Inland Western Retail Real Estate Trust, Inc. is a self-managed real estate investment trust that acquires, manages and develops a diversified portfolio of real estate, primarily multi-tenant shopping centers across the United States. As of December 30, 2009, the portfolio under management totaled in excess of 48 million square feet, consisting of 299 consolidated operating properties. The company also has interests in 11 unconsolidated properties and 11 properties under development.

 About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on net-lease transactions. Our net-lease group is the largest team of professionals focused exclusively on the acquisition, disposition, and financing of net-leased real estate in the retail, office, industrial, and medical product types. Building on a 25-year foundation in the net-lease industry and completing more than $8 billion in transactions nationwide, Stan Johnson Company is positioned as an authority in the industry. A dynamic team approach, refined marketing processes and a foundation built on integrity, professionalism and relationships create a winning combination that enable the firm to consistently deliver quality service and superior results to each unique client.