GREENFIELD, MASSACHUSETTS, May 20, 2020 –Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 180,000-square-foot manufacturing portfolio leased to Schweitzer-Mauduit International (NYSE: SWM) located in Greenfield, Massachusetts. The facility was purchased by Derossi Commercial, a private investor, for an undisclosed price. Mollie Alteri, Joey Odom, Mike Sladich, and Maggie Holmes of Stan Johnson Company represented the seller, which was a partnership between Jera Partners LLC and a fund managed by DRA Advisors LLC.
“This was an opportunity for a buyer to acquire a highly sophisticated and essential manufacturing operation of a publicly traded, global tenant on a long-term lease,” said Alteri, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “Despite market headwinds, essential industrial users with strong credit profiles will continue to attract activity as the investment market embarks on a selective flight-to-quality in the near-term.”
The portfolio encompasses a more than 30-year tenancy in Greenfield, Massachusetts by Schweitzer-Mauduit International.
About Stan Johnson Company
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $35 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.
About Jera Partners LLC
Jera Partners is a commercial real estate investment firm focused on properties that are net-leased to quality credit tenants. With over 75 years of combined experience and $50 billion of real estate transactions completed among its principals, David Kay, Carrington Guy, and Michael Rebibo. Jera Partners is dedicated to identifying, executing and managing opportunities that create long-term value for its partners and investors through prudent investment, stewardship and service excellence. For more information, visit www.jerapartners.com.