Stan Johnson Company brokers sale of CVS Caremark Call center in Knoxville
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 59,748-square-foot single-tenant call center leased to CVS Pharmacy. The property is located at 2401 Cherahala Boulevard in Knoxville, Tennessee. Jonathan Ameen and Jeff Hughes of Stan Johnson Company, in association with John M. Adams III of Avison Young, represented the seller, Lexington Realty Trust, a New York-based institutional investor. The asset was purchased for $9.9 million by Concord Capital LLC, a group of private investors based in Jackson, Mississippi.
“In today’s environment, private investors are especially seeking reliable tenants and strong real estate fundamentals,” said Ameen, Associate Director in Stan Johnson Company’s Tulsa, Oklahoma office. “This offering presented the buyer with an opportunity to acquire an asset