LUFKIN, TX –Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 37,000-square-foot medical outpatient clinic building 100 percent occupied by GSA/Department of Veterans Affairs to Pomona, NY-based RJ Block Properties, LLC. The property is situated on seven acres at 2216 N. John Redditt Dr., in Lufkin, Texas.
Brett Butler (top right photo) of Stan Johnson Company represented both the buyer and the seller, Lufkin-based LD Lyndon Properties, LLC.
Built in 2009, the property has a long-term, 20-year modified gross lease with the GSA/Department of Veterans Affairs.
“With our proactive marketing campaign to brokers and investors, we were able to secure 10 competitive offers,” said Butler.
Sale Completed of 335,700-square-foot Industrial Building Occupied by the Hillman Group in Forest Park, OH
FOREST PARK, OH –Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 335,700-square-foot industrial building100 percent occupied by The Hillman Group, a distributor of fasteners, keys, letters, numbers, signs, and engraving, to New York, NY-based Angelo Gordon & Co..
Built in 2004 the property is situated on 21 acres at 1700 Carillon Blvd. in Forest Park, Ohio.
Craig Tomlinson (middle right photo), CCIM, of Stan Johnson Company represented the buyer as well as the seller, Cincinnati United Contractors, Inc., in the transaction.
“In that sense, it was really a three-way negotiation with buyer, seller and tenant. The buyer is getting a very high quality asset with a tenant that leads its industry. The seller receiveda strong price and is able to redeploy his equity.”
Contact: David Ebeling, Ebeling Communications, (949) 278-7851
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