Stan Johnson Company Completes Sale of $10.5M Teleperformance U.S.A., Inc. in Port St. Lucie, Florida
Atlanta, GA – December 8, 2016 – In a deal that highlights the growing demand for net lease office facilities, Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the $10.5 million sale of a 122,451-square-foot free-standing single tenant office and call center located at 10400 South US Highway 1 in Port St. Lucie, Florida. The facility is leased to Teleperformance U.S.A., Inc., a global leader in business outsourcing, providing customer care, technical support, customer acquisition, digital solutions, analytics, back-office and other specialized services.
Located on US Highway 1 between Orlando and West Palm Beach, the property has immediate access to Florida’s Turnpike and downtown Port St. Lucie. Additionally, the tenant has invested $2.5 million into improvements. The property comes with a newly renovated parking lot and an above-average ratio of 7.76 spaces per 1,000 square feet. A public company with 182,000+ employees operating 270+ centers in 62 countries, Teleperformance has been in the Port St. Lucie market for 18 years and has plans to expand its operation.
“This transaction represents an increasing demand from call center operations for redeveloped buildings with high parking ratios. Our client saw an opportunity to fill an underserved need for this type of space in the market. The property comes with a lease to a well-regarded call center company that is expanding their operation in the market.” said Britton Burdette, a Director in Stan Johnson Company’s Atlanta office. Burdette represented the developer in the disposition of the property.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses exclusively on net lease transactions involving retail, office, industrial, healthcare and sale-leaseback properties. The firm provides acquisition, disposition, capital markets and advisory services for institutions, developers, investment funds and private investors across the United States. Now in its fourth decade of serving as a trusted advisor to its valued clients, Stan Johnson Company has completed more than $30 billion in transactions nationwide and is regarded as the Net Lease Authority®. To learn more about Stan Johnson Company, please visit the recently enhanced website at www.stanjohnsonco.com.