Stan Johnson Company has completed the sale of a 276,887-square-foot industrial building that serves as a manufacturing facility for Grupo Antolin, a tier-one automotive parts supplier. The heavy manufacturing property, at 18355 Enterprise Avenue in Nashville, Illinois, is strategically located near Interstate 64 outside St. Louis, Missouri.
The tenant has occupied the property for 30 years and recently expanded the facility while also making multi-million-dollar investments into the site. The tenant is currently on a long-term lease.
The property was sold by Illinois-based Agracel, Inc., which was represented by Stan Johnson Company’s Mike Sladich and Mollie Alteri. The property sold in mid-January for $15.5 million.
The buyer, a private investment group out of Bluffton, South Carolina managed by David Strong and Nick Dzendzel, was represented by Jason Powell and Colin Couch, also of Stan Johnson Company’s Atlanta office.