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