Single-tenant Net Lease

Excerpt of article originally published by GlobeSt In advance of the live ICSC Here, We, Go. 2021 networking conference in Las Vegas from Dec. 5-7, GlobeSt.com chatted with a few retail experts on what they are looking forward to from this year’s event. Here, We Go. 2021 networking conference is fast approaching and dealmakers and innovators will soon gather in person from December 5-7 in Las Vegas. Mike Sladich, regional director and partner of Stan Johnson, for one, is excited. “It will be a great opportunity to renew old relationships and build new ones in person,” Sladich tells GlobeSt.com. “Nothing compares to the efficiency of large conferences for business development and knowledge sharing.” Sandy Sigal, president and CEO of NewMark Merrill Cos., exclusively tells GlobeSt.com that he is excited to see so many friends and colleagues. “It will be great to share experiences, compare notes, and create new ICSC experiences.” He adds that “there is no substitute for in person experiences… This is how you create lasting, life changing opportunities.” Hillary Steinberg, senior advisor of MDL Group/CORFAC International, is especially looking forward to being able to meet face-to-face with property owners and asset managers in town for the convention. Additionally, Steinbern says, it will be an opportunity to hear about up and coming retailers from other parts of the country. We also caught up with Vicky Hammond, principal of Coreland Cos., who says that ICSC Las Vegas conferences are valuable events for our industry. “I’m encouraged that the organization is navigating a complicated environment to make it happen this December,” Hammon says. “Retail is a large worldwide industry that relies heavily on relationships and I’m personally looking forward to taking this first step back.”

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed three portfolio sale transactions for a combined $75.5 million. The portfolios were comprised of single-tenant assets leased primarily to discount retailers. Tenants included Tractor Supply Company, Dollar General and Advance Auto Parts, among others. Ryan Butler of Stan Johnson Company arranged the off-market transactions on behalf of ownership. “All three portfolios had weighted average lease terms in excess of eight years and offered a very attractive mix of retail tenants,” said Butler, Managing Director and Partner in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “We worked diligently to evaluate the buyers for each transaction and executed a series of off-market campaigns that resulted in a competitive environment and strong pricing. We successfully closed with three different institutional investor groups who were each pleased to add these high-quality, high-performing properties to their existing portfolios.” In total, the three transactions included 40 properties which were located across seven states.

Excerpt of article published by Commercial Property Executive Commercial real estate executives weigh in on what’s to come in the office and industrial sectors. With a new year right around the corner, Commercial Property Executive asked industry experts to forecast the business and economic factors that will determine deal flow and pricing in the office and industrial real estate sectors. Jeff Cox, Managing Partner & Sales Leader, East Region, Stan Johnson Company: Access to capital remains quite good, and we’re seeing strong buyer demand as investors rush to take advantage of the current lending environment. Our clients are also watching the return to office policies communicated by large corporate employers, the growing labor shortage, and persistent supply chain issues.