Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register

Stan Johnson Company sells four-building industrial portfolio in Iowa

August 11, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Stan Johnson Company has completed the sale of a four-building industrial portfolio across three rural Iowa markets. Located at 408 and 411 Maplewood Avenue in Williamsburg, Iowa; 403 S. 8th St. in Montezuma, Iowa; and 1951 A Avenue in Victor, Iowa, the portfolio totaled nearly 684,000 square feet and was leased to a subsidiary of Magna International Inc.

The facilities were sold by Granite REIT, a Toronto, Ontario-based publicly traded real estate investment trust, which was exclusively represented by Stan Johnson Company’s Rob Gemerchak and Jeff Hughes.

“The transaction illustrates that there remains an active investor market for single-tenant net lease industrial portfolio opportunities in small to mid-sized markets across the Midwest,” said Gemerchak, director in Stan Johnson Company’s Toledo office.

The buyer, GMS Equities, was an individual investor based in New Rochelle, New York. The portfolio transaction closed for $16.9 million. The cap rate was not disclosed.

Tags
industrialIowaMontezumaStan Johnson CompanyVictorWilliamsburg
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisMultifamily

Top Gen Z locations in Illinois? Rockford and Evanston, report suggests

AJ LaTraceMarch 2, 2021
IllinoisIndustrial

ML Realty Partners announces completion of new facility in suburban Chicago

March 2, 2021
IllinoisFinance

Mag Mile Capital hires VP of originations for Chicago office

March 2, 2021
MissouriOffice

Kessinger Hunter leasing Kansas City star building

March 2, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com