Finance Net Leasing
14 Net Lease Properties Go for $123M
May 8, 2008

Net lease brokerage Stan Johnson Co. completed the sale of a 14 property portfolio, containing more than 900,000 square feet to Cole Cos. for $123 million, it has reported. The portfolio includes 10 retail properties, three office properties and one industrial property in 14 different locations across nine states. Gill Warner of Team Warner and Craig Kenney of Team Kenney with Stan Johnson represented Cole. The seller was represented by Mark Allison at Investors Real Estate Agency.

 
Recent Net Leasing Headlines
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The Capitol Lounge building located at 229 Pennsylvania Avenue in Washington, D.C., has been sold by the NorthMarq investment sales team of Jim Karnack, Jerry Burg and Matt Clinebell, the company said today.
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