STAN JOHNSON CO. COMPLETES $4.91 MILLION WALGREENS SALE IN OKLAHOMA

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OWASSO, OKLA. — Stan Johnson Co. has completed the sale of a 14,820-square-foot, freestanding retail building located in Owasso. The building is situated at 11605 N. 135th East Ave. and was built this year. Walgreens has a 25-year lease to occupy the property. Brad Pepin of Stan Johnson Co. and Allen Klippel of CB Richard Ellis represented the buyer, an individual investor participating in a 1031 exchange. Ken Hedrick and Jerry Hopkins, also of Stan Johnson Co., represented the seller, a merchant Walgreens developer.

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