TULSA, OK, Nov. 16, 2010 –Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of two free-standing industrial buildings to New Jersey-based Monmouth Real Estate Investment Corporation for $20.3 million.
Monmouth acquired a freestanding, 381,240-square-footbulk distribution center 100 percent leased to Cracker Barrel Old Country Stores, Inc. located in Lebanon, Tenn. for $14.5 million.
Brad Pepin (top right photo) of Stan Johnson Company represented Monmouth (buyer) as well as the seller, Miami-based United Trust Fund.
Monmouth also acquired a freestanding, 66,387-square-footmanufacturing & warehouse facility 100 percent leased to Sherwin-Williams Company in Rockford, IL for $5.8 million.
Pepin represented Monmouth in the acquisition. Gill Warner (middle left photo) of Stan Johnson Company represented the seller, Rockford, IL-based Cord Construction.
Contact: David Ebeling, Ebeling Communications, (949) 278-7851 david@ebelingcomm.com
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