PRESS RELEASE: Stan Johnson Company Sells Four-Building Office Complex in Alaska for $104 Million

ANCHORAGEStan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the $104 million sale of a four-building, 677,778 square foot office complex in the heart of Anchorage, Alaska to a partnership comprised of institutional investors. The complex is 100 percent leased to ConocoPhillips, who will continue to occupy the complex.

David Clary and Daniel Herrold of Stan Johnson Company represented the owner, a privately-held investment and management company.

“Anchorage’s office market is tight and the sale of this complex provides the new owners with a sound, long-term investment,” said David Clary, Senior Director, Stan Johnson Company.  “The property, known as The ConocoPhillips Complex is a landmark on the Anchorage skyline.  It has a long-term lease in place with ConocoPhillips, which is a solid investment grade rated company.”

The ConocoPhillips Building was built in 1983 at 700 G Street in downtown Anchorage, Alaska. It is the tallest building in state and sits in the center of the Anchorage skyline.  The building is part of a complex, composed of an atrium, connecting with a smaller office towers.  The sky-lit atrium is open to the public, and has a small food court, as well as a water fountain. The annual summer Wild Salmon on Paradelocal art auction is usually held in the atrium.

About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms. The net lease group is the largest team of professionals focused exclusively on the acquisition, disposition, and financing of net leased real estate. Building on their 25-year foundation in the single tenant net lease industry, completing more than $13 billion in transactions nationwide, Stan Johnson Company is aligned for continued growth.  A dynamic team approach, refined marketing processes and a foundation built on integrity, professionalism and relationships create a winning combination enabling the firm to consistently deliver quality service and superior results to each unique client.

TAGS: Investment