Stan Johnson Company Announces Sale of 1.9 Million Square Foot Industrial Logistics Portfolio
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a portfolio of industrial logistics properties located across four strategic supply chain markets. Together, the properties total approximately 1.9 million square feet and are leased to a diverse mix of public and private, industry-leading tenants. Stan Johnson Company’s Mollie Alteri, Joey Odom, Mike Sladich, Maggie Holmes and Michael Watson represented the seller, an institutional advisor based in New York. An institutional investor based in Dallas, Texas, acquired the portfolio. The price and cap rate were undisclosed.
“The industrial sector features a unique ability to serve today’s rapidly changing environment, and investor appetite for net lease oriented industrial assets continues to be at an all-time high,” said Alteri, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “Both transaction teams performed exceptionally well despite overall market volatility, and we were pleased to see the transaction come to a close.”
The entire portfolio encompasses 141 acres, and the buildings range in age, with the newest facility constructed in 2005 and two other properties being renovated in 2020. The four-building portfolio includes the following assets:
- 2001 Commerce Parkway, Franklin, Indiana
- 524 North Sara Road, Yukon, Oklahoma
- 565 Corporate Woods Drive, Bridgeton, Missouri
- 56878 Kelly Avenue, Morrow, Georgia
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $35 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.