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Stan Johnson Co. Arranges $10M Sale of Call Center in Knoxville
Investment sales brokerage firm Stan Johnson Co. has arranged the $9.9 million sale of a 59,748-square-foot call center leased to CVS Pharmacy in Knoxville.
Located at 2401 Cherahala Blvd., the property is CVS Caremark’s second largest call center location in the U.S. CVS has occupied the nearly 10-acre property since it was built in 2002 and it is located within Knoxville’s Pellissippi Corporate Center. Surrounding tenants include ADT Security, FedEx, and Oak Ridge National Laboratory. At the time of sale, there were approximately seven years left on the double net lease.
Jonathan Ameen and Jeff Hughes of Stan Johnson Co. as well as John Adams III of Avison Young, represented the seller, New York-based institutional investor Lexington Realty Trust, in the transaction. The buyer was Concord Capital LLC, a group of private investors based in Jackson, Mississippi.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
