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| Jackie Baker |
SANTA MONICA, CA (Oct. 8, 2012) – Stan Johnson
Company, one of the nation’s premier net lease brokerage firms, has completed
the $9.1 million sale of a 56,951-square-foot industrial building 100 percent
leased to FedEx Ground. The property is located at 2929 Halvor Lane in
Superior, WI.
Jackie Baker, associate director in the Santa Monica
office of Stan Johnson Company, represented the seller, Mountain High Pinebrook
LLC, in this transaction. The buyer was HCI Limited Partnership.
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| FedEx Ground Facility, Superior, WI |
“The property featured a new ten-year lease term with two,
five-year renewal options on a 42 percent expansion of the facility,” said
Baker. “This doubled the number of doors at the property, and positioned it for
growth the area is experiencing.”
The property offers convenient access to Interstate 535 and
U.S. Route 2, and is located less than 10 miles from downtown Duluth.
Contact:
David Ebeling
Ebeling Communications
(949) 278-7851
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