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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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