Stan Johnson Finalizes Sale of Mission-Critical Industrial
Stan Johnson Company has completed the sale of a 276,887-square-foot manufacturing facility for Grupo Antolin, a tier one automotive parts supplier. The heavy manufacturing property, at 18355 Enterprise Ave. in Nashville, IL, near St. Louis, traded for $15.5 million.
The property was sold by Illinois-based Agracel Inc., represented by SJC’s Mike Sladich and Mollie Alteri. The buyer, a private investment group out of Bluffton, SC managed by David Strong and Nick Dzendzel, was represented by SJC’s Jason Powell and Colin Couch.
Grupo Antolin has occupied the property for 30 years, and recently expanded the facility while also making multimillion-dollar investments there. It’s currently on a long-term lease.
“The mission-critical nature of the property, and the heavy tenant investment into its manufacturing site, provides comfort to the long-term passive investor with regard to the stability of their future cash flows in a way most traditional industrial facilities cannot,” said Sladich.
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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