Alexin's Primary Facility Sells for $20.5M

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.”