SAN ANTONIO, TX– Stan Johnson Company, one of the nation’s premier net lease brokerage firms, represented both the seller, Inland Western Retail Real Estate Trust, Inc. ("Inland Western”) and a private buyer in the sale of an 80,000-square-foot Class A office building 100% leased to Coventry – First Health for $10.85 million.
Built in 2005, the mid-rise building is located among other corporate users in the Westover Hills area near Sea World and Hyatt Hill Country Resort.
“We were able to work within the confines of a shorter lease and existing conduit debt and bring to Inland Western a buyer we had worked with in the past who liked the quality and credit of the asset,” said Craig Tomlinson (top right photo) of Stan Johnson Company, who represented both the buyer and the seller.
Inland Western Retail Real Estate Trust, Inc. is a self-managed real estate investment trust that acquires, manages and develops a diversified portfolio of real estate, primarily multi-tenant shopping centers across the United States.
As of December 30, 2009, the portfolio under management totaled in excess of 48 million square feet, consisting of 299 consolidated operating properties. The company also has interests in 11 unconsolidated properties and 11 properties under development. For further information, please visit www.inlandwestern.com.
Contact: David Ebeling, Ebeling Communications, (949) 278-7851, david@ebelingcomm.com
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