BLUFFTON, IN—Investors have been showing a great deal of interest in US industrial properties, even those located in secondary or tertiary markets. This is especially true for properties that play a key role in corporate operations. Stan Johnson Co., for example, a net lease brokerage firm, has just completed the sale-leaseback of Alexin LLC's combined headquarters and primary production facility located at 1390 South Adams St. in Bluffton, IN, a town about 25 miles south of Ft. Wayne, to a private investment group for $20,500,000.
“Alexin LLC engaged our firm to assist and advise in the efficient optimization of the real estate in its capital structure,” said Scott Briggs of Stan Johnson in a prepared statement. “Our process resulted in nine competitive offers from qualified candidates and ultimately secured Alexin LLC the proceeds it desired on the terms it required.”
The brokers told GlobeSt.com that they could not comment further on the details of the transaction. Ken Hedrick, Jerry Hopkins, D. Andrew Ragsdale, all of Stan Johnson, and Briggs represented both seller and buyer.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
