{"id":1004167755,"date":"2017-03-01T07:18:58","date_gmt":"2017-03-01T15:18:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167755"},"modified":"2022-12-09T01:16:49","modified_gmt":"2022-12-09T09:16:49","slug":"stan-johnson-sells-central-florida-portfolio-for-28m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stan-johnson-sells-central-florida-portfolio-for-28m\/","title":{"rendered":"Stan Johnson Sells Central Florida Portfolio for $28M"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004167760\" style=\"width: 271px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004167760\" data-attachment-id=\"1004167760\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stan-johnson-sells-central-florida-portfolio-for-28m\/joshua-pardue\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg\" data-orig-size=\"338,339\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1488278886&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Joshua Pardue, senior director, Stan Johnson Co.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Joshua Pardue, senior director, Stan Johnson Co. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg?w=338\" class=\"wp-image-1004167760 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg\" alt=\"Joshua Pardue, senior director, Stan Johnson Co. \" width=\"261\" height=\"261\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg 338w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Joshua-Pardue.jpg?resize=300,300 300w\" sizes=\"auto, (max-width: 261px) 100vw, 261px\" \/><\/a><p id=\"caption-attachment-1004167760\" class=\"wp-caption-text\">Joshua Pardue, senior director, Stan Johnson Co.<\/p><\/div>\n<p><strong>Central Florida<\/strong>\u2014Stan Johnson Co. announced the sale of the Ker&#8217;s Wing House Portfolio in Central Florida to STORE Capital for $28 million.<\/p>\n<p>The portfolio comprises 14 retail properties totaling 89,282 square feet. Joshua Pardue, senior director of Stan Johnson Co. and his team, were responsible for closing the transaction.<\/p>\n<p>\u201cWe are pleased to be able to transact this portfolio at a strong cap rate for a restaurant concept in a challenged casual dining market.\u00a0 Part of the marketing process was analyzing the \u2019waitress only\u2019 industry and explaining the narrative that these are as much entertainment as they are casual dining,\u201d said Pardue, in prepared remarks.\u00a0\u201cThe business and credit question about Wing House\u2019s model is, where else can someone leave work, get food, beer, sports and socialize with a fun staff for $25 a ticket?\u00a0 Wing House has additional growth planned and will continue to capture market share in and around Florida.\u00a0 STORE Capital, a top national buyer of small to mid-cap credit, single-tenant, net lease properties, saw the value in the credit story and track record and Third Lake Capital\u2019s Professional Management Team was bullish on adding this credit to their portfolio.\u201d<\/p>\n<p><em>Image courtesy of Stan Johnson Co.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio comprises 14 retail properties totaling 89,282 square feet.<\/p>\n","protected":false},"author":746,"featured_media":1004167760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,1493,21749],"tags":[34159,32877,34160],"class_list":["post-1004167755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-orlando","category-retail","tag-joshua-pardue","tag-stan-johnson-company","tag-store-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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