Stan Johnson Co. Completes $13.95 Million Sale of Thomson Reuters-Occupied Property in Brookfield, WI

BROOKFIELD, WI, Feb. 7, 2011 –Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a three-story, 84,700-square-foot office building100 percent occupied by Thomson Reuters to a California-based private investor for $13.95 million.

Located within a suburban office park, the property is situated on 6 acres at 350 N Sunny Slope Road in Brookfield, WI, a suburb of Milwaukee.

Craig Tomlinson (top right photo) of Stan Johnson Company represented the buyer who was in a 1031 exchange.

The seller was a unit of CW Capital as special servicer for a Wells Fargo CMBS issuance.  The seller was represented by Cassidy Turley and had only recently acquired the property by a deed in lieu.

The property was built in 1984 and has been occupied by Thomson Reuters, an information services company, since 1989. There are approximately 10 years remaining on its long-term lease.

“The buyer recognized the value in the combination of real estate fundamentals and long-term lease with a credit tenant,” said Tomlinson.  “The seller had already done a great job stabilizing the asset and worked quickly through the process to get the deal closed.”

Contact: David Ebeling, Ebeling Communications, (949) 278-7851,  

david@ebelingcomm.com