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Stan Johnson Co. Completes Three Portfolio Deals Topping $75M
Stan Johnson Company (SJC) has completed three portfolio sale transactions for a combined $75.5 million. The portfolios were comprised of single-tenant assets leased primarily to discount retailers.
Tenants included Tractor Supply Company, Dollar General and Advance Auto Parts, among others. Ryan Butler of SJC arranged the off-market transactions on behalf of ownership.
“All three portfolios had weighted average lease terms in excess of eight years and offered a very attractive mix of retail tenants,” said Butler, managing director and partner in SJC’s Tulsa headquarters. “We worked diligently to evaluate the buyers for each transaction and executed a series of off-market campaigns that resulted in a competitive environment and strong pricing.
“We successfully closed with three different institutional investor groups who were each pleased to add these high-quality, high-performing properties to their existing portfolios,” Butler continued.
In total, the three transactions included 40 properties located across seven states.
- ◦Sale/Acquisition
