Stan Johnson Company Brokers Sale Leaseback of Indianapolis, Indiana Manufacturing Facility
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale leaseback of a 50,000-square-foot manufacturing facility located at 705 South Girls School Road in Indianapolis, Indiana. Stan Johnson Company’s Katie Elliott co-marketed the property with Chip Sipple and the Lincoln Property Company on behalf of the seller, Applied Composites Inc. The asset was purchased by an investor group located in New York.
“Investors are bullish on industrial facilities with quality tenants and a compelling backstory,” said Elliott, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “We were able to secure multiple offers and closed the transaction within a 60-day timeframe.”
Applied Composites Inc. is a leading manufacturer of composites with four decades of expertise in the commercial aerospace, defense and space industry. This facility serves as a mission-critical manufacturing and distribution site, and the seller executed a long-term triple net lease at closing.
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 $40 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.