Stan Johnson Company has completed the sale of a portfolio of industrial logistics properties located across four strategic supply chain markets. Together, the properties total about 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 acquired the portfolio. The price and cap rate were undisclosed.
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
• 65 Corporate Woods Drive, Bridgeton, Missouri
• 6878 Kelly Avenue, Morrow, Georgia