Stan Johnson Company Completes $37.0 Million Sale of Midwest FedEx Ground Facility

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Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant industrial facility leased to FedEx Ground. The 217,323-square-foot property serves as a distribution center for the multinational company. Erik Lundberg of Stan Johnson Company represented the 1031 exchange buyer, an investor group based in New Jersey. The seller was a Texas-based developer. The asset sold for approximately $37.0 million. 

“Despite a challenging interest rate market, we were able to bring a motivated buyer who performed at the top of market pricing,” said Lundberg, Associate Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters.  

The facility is newly built and replaced a smaller FedEx Ground warehouse. The 33-acre site is easily accessible to major highways, distribution centers and the community workforce. With a demand surge for FedEx services, this facility helps meet the need for the Midwest region.  

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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 and its affiliates provide 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 $45 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.