Stan Johnson Co. Completes Sale of Two Chicago Area Walgreens for $8.5M

CHICAGO, IL, Feb. 1, 2010 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of two 14,490-square-foot retail stores 100% leased to Walgreens located in St. Charles and South Elgin, to an Arizona-based institutional investor for $8.5 million.

Gill Warner (top right photo) of Stan Johnson Company represented the seller, an Illinois-based retail developer as well as the buyer.

“Two long-term leased Walgreens located in the Chicago area near Walgreens headquarters are a great investment,” said Warner. “Both stores had great store sales.”

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms.

Our net lease group is the largest team of professionals focused exclusively on the acquisition, disposition, and financing of net leased real estate.

Building on our 20 plus year foundation in the single tenant net lease industry, completing more than $8 Billion in transactions nationwide, Stan Johnson Company is aligned for continued growth.

A dynamic team approach, refined marketing processes and a foundation built on integrity, professionalism and relationships create a winning combination enabling the firm to consistently deliver quality service and superior results to each unique client.

Contact: David Ebeling, Ebeling Communications, (949) 278-7851, david@ebelingcomm.com