DALLAS—Net lease brokerage firm, Stan Johnson Company, recently opened a new local office. Chris Adams and T. Reed Hudson, joined the Tulsa-based firm and will lead the Dallas office. Hudson recently discussed net lease trends, how the market is faring and the goals for the office in this exclusive.
GlobeSt.com: How would you describe the state of the net lease investment market?
Hudson: In one word: cautious. Many buyers are concerned about rising interest rates and their potential impact on cap rates. Some seem to be taking the wait and see approach, while others are still active but are being much more selective about potential investments. They're scrutinizing details at a deeper level than normal. On the flip side, sellers are still hoping for last year's prices, although many are beginning to realize that a slight shift is occurring.
GlobeSt.com: What net lease trends will we be talking about in 12 months?
Hudson: We will continue to see investors put an emphasis on acquiring Internet-resistant retail tenants for their portfolios. And in industrial-heavy markets like Dallas, we'll continue to see market dynamics strengthen due to last-mile logistics.
GlobeSt.com: What are your goals for this new Dallas office?
Hudson: Initially, we intend to drive awareness. We want the net lease investor and developer community in the Dallas/Fort Worth area to know that we're in their back yard now, and we're here to assist them with best-in-class acquisition, disposition, capital markets and advisory services. We also hope to more deeply penetrate our existing valued relationships in the local market and provide our existing clients with a boots-on-the-ground perspective and hands-on support. We're really looking forward to leveraging our unique team approach and network of 13 offices with more than 90 associates around the country to maximize value and deliver results for all our clients in the DFW market and throughout Texas.
GlobeSt.com: Why was now an ideal time for Stan Johnson Company to open a Dallas office?
Hudson: Dallas has always been a target market for us. We have deep relationships in the market and net lease investment fundamentals are quite strong here.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
