Stan Johnson Company sells MiMedx group’s Atlanta suburban office headquarters for $9.7 million
Atlanta, GA. – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 79,854-square-foot office building that serves as the corporate headquarters for MiMedx Group Inc, a leading biomedical company (NASDAQ: MDXG). The institutional-quality asset, located at 1775 W Oak Commons Ct, Marietta, Georgia, sold in early January 2018 for $9.7 million.
“This asset, which offered mission critical office and lab facilities, was sold under a net lease with five years of lease term remaining,” said Craig Tomlinson, Senior Director in Stan Johnson Company’s Tulsa office.
The office building was acquired by Boca Raton, Florida-based private investor, Fields Realty. The seller was CapRidge Partners, a private equity firm based in Austin, Texas, and both parties were represented by Stan Johnson Company’s team of Craig Tomlinson, John Zimmerman, and Ian Clements.
“CapRidge is very pleased with the work Craig and John did on our sale,” said Kevin Black, Partner at CapRidge Partners. “Selling a single tenant office building has its challenges, especially one with a short lease.”
Black added, “They provided us accurate information, reliable guidance, and brought us a performing buyer that was easy to close with. They exceeded our expectations.”
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 service 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.