FOREST PARK, OH, Oct. 19, 2011 –Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 149,760-square-foot industrial building 100 percent occupied by National Bedding Company (dba Serta, Inc.) to Chicago based Brennan Investments for $6.1 million. Built in 2004, the property is situated on 12 acres at 1680 Carillon Blvd. in Forest Park, Ohio. The building is a key production facility for Serta, the largest mattress brand in the US.
Craig Tomlinson (top right photo), CCIM, of Stan Johnson Company represented the buyer as well as the seller, Cincinnati United Contractors, Inc., in the transaction.
“The transaction went smoothly , with all parties cooperating to get it closed. The buyer is getting a very high quality asset with a tenant that leads their industry. The seller received a strong price and is able to redeploy his equity, awin-win”. said Tomlinson.
Contact: David Ebeling, Ebeling Communications, (949) 278-7851
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