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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.
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