NEW ORLEANS, LA – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of 0.97 acre land parcel 100% leased to IHOP Restaurant located at 1719 Manhattan Blvd. in Harvey, LA to a 1031 private investor for an undisclosed purchase price.
Hunter Jaggard and Daniel Herrold in the Houston office of Stan Johnson Company represented the seller,
Weingarten Realty Trust. John Davidson with Four Corners Commercial Realty Partners represented the buyer in the transaction.
“We had a very positive response in our marketing efforts,” said Jaggard. “In fact, we received an offer in our first week of marketing from the buyer that ultimately closed on the deal.”
The property is located at Manhattan Place shopping center on Manhattan Boulevard, one of the key retail corridors in New Orleans’ West Bank. The center, encompassing 258,317 square feet, is currently 98 percent leased with anchors such as Target, Stage and Ross.
Contact: David Ebeling, Ebeling Communications, (949) 278-7851, david@ebelingcomm.com
No comments:
Post a Comment