 |
| Katie Elliott |
INDIANAPOLIS, IN -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale leaseback of a 50,000-square-foot manufacturing facility located at 705 South Girls School Road in Indianapolis, Indiana.
Stan Johnson Company’s Katie Elliott co-marketed the property with Chip Sipple and the Lincoln Property Company on behalf of the seller, Applied Composites Inc. The asset was purchased by an investor group located in New York.
“Investors are bullish on industrial facilities with quality tenants and a compelling backstory,” said Elliott, Associate Director in Stan Johnson Company’s Atlanta, Georgia office.
 |
| SOLD-LEASEBACK: 50,000-square-foot manufacturing facility located at 705 South Girls School Road in Indianapolis, IN |
“We were able to secure multiple offers and closed the transaction within a 60-day timeframe.”
Applied Composites Inc. is a leading manufacturer of composites with four decades of expertise in the commercial aerospace, defense and space industry.
This facility serves as a mission-critical manufacturing and distribution site, and the seller executed a long-term triple net lease at closing.
CONTACT
David
Ebeling
Ebeling
Communications
(949) 278-7851
No comments:
Post a Comment