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Stan Johnson Brokers Sale of NNN Jewel-Osco
Stan Johnson Company (SJC) has completed the sale of a single-tenant retail building located in Oswego, IL to Los Angeles -based ASAS LLC. Located at 3795 Orchard Rd., the 62,000-square-foot building is triple-net leased to grocery retailer Jewel-Osco.
The purchase price was not disclosed. SJC’s Tom Georges and Jon Cohen represented the buyer, a private investor.
“The buyer was in a 1031 exchange, looking for both yield and security with a long-term lease and quality real estate,” said Georges, a director in SJC’s New York office. “This asset fit their needs perfectly.”
SJC’s Jeff Hughes, Zach Harris and Jonathan Ameen represented the seller, CF Albert Propco LLC.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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