LEWISVILLE, TX, Sept. 3, 2009 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 46,998 square foot free-standing Havertys Furniture retail store (top right photo) 100% leased to Haverty Furniture Companies, Inc. located on 3 acres in Lewisville, Texas to an Individual Investor for $3 million.
Gill Warner (top left photo), Rod Pickney (middle right photo) and Chad Byerly (middle left photo) of Team Warner of Stan Johnson Company represented the seller, an individual investor.
Barry Wolfe of Marcus & Millichap represented the buyer, an individual investor, in the transaction. (Team Warner, bottom left photo)
“Our valuable relationships with our clients have made us an expert in the retail single tenant market," said Warner. "This property represents the first property we have closed with this seller. We are continuing to strive toward our goal of becoming a household name in the net lease ‘retail’ industry.”
The property is located directly adjacent to Vista Ridge Mall, a super regional mall servicing multiple communities in the northern portion of the DFW Metroplex. Vista Ridge Mall is anchored by Dillard's, Macy's, JC Penney, and Sears, and features a 15 screen Cinemark movie complex.
Industrial Property in Houston Goes For $2.7MHOUSTON, TX--Stan Johnson Company has completed the sale of an industrial property 100% leased to Carrier Sales and Distribution, LLC., located in Houston, Texas, to an individual investor for $2.7 million.
Gill Warner, Rod Pickney and Chad Byerly of Team Warner of Stan Johnson Company represented the seller, a developer. William Janis represented the buyer, an individual investor.
Tractor Supply Co. in Saginaw, MI Generates $2.98M Sale SAGINAW, MI– Stan Johnson Company has completed the sale of a retail store 100% leased to Tractor Supply Co., located in Michigan, to an individual investor for $2.98 million.
Gill Warner, Rod Pickney and
Chad Byerly (middle left photo) of Team Warner of Stan Johnson Company represented the seller, a retail developer, and the buyer, an individual investor.
“Our valuable relationships with our clients have made us an expert in the retail single tenant market,” said Gill Warner. “This property represents the seventh property that we have closed with this buyer to date, and the third property that we have closed with this seller to date. This sale also makes a total of 42 Tractor Supplies that our team has sold.”
Sherwin Williams Retail Store in Humble, TX Trades Hands
HOUSTON, TX--Stan Johnson Company has completed the sale of 7,000-square-foot free-standing retail property 100 percent leased to Sherwin Williams located at 9670 N. Sam Houston Parkway in Humble, Texas.
Jim Gibson, (bottom right photo) Senior Associate at Stan Johnson Company’s Houston office, represented the seller, a Houston based retail developer. Donald E. Dennis, Inc. represented the buyer, an individual investor.
“We were able to assist a client obtain a price near asking as well as satisfy an out-of-state buyer’s 1031 exchange. Both parties were extremely happy with the transaction,” states Gibson.
Humble, Texas is located in the northeast quadrant of the Houston metropolitan area, just 21 miles from downtown Houston on Hwy 59; Humble is currently experiencing a robust population and economic growth.
"The combination of a great Texas location, the long term, triple net lease and the strong credit of Sherwin Williams made this an ideal investment," Gibson said.
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