Industrial X Missouri

Stan Johnson Company closes $10 million distribution center sale in St. Louis

Stan Johnson Company closes $10 million distribution center sale in St. Lou,ph01

Stan Johnson Company has completed the sale of an Ashley Furniture Distribution Center in St. Louis for $10 million to New York-based One Liberty Properties, Inc., a publicly traded REIT.

At 9791 Green Park Industrial Drive, the 119,680-square-foot single-tenant industrial building is strategically located in the southwest quadrant of the St. Louis metro area directly off Interstate 55.

Stan Johnson Company’s Jason Powell and Colin Couch represented the seller, an affiliate of private equity group Mohegan Capital.

The property sold in mid-December at a 7.20 percent cap rate.