Stan Johnson Co. Arranges $25 Million Sale of Metro Dallas Shopping Center

by Julia Sanders

Carrollton, Texas — Stan Johnson Co. has arranged the $25 million sale of Northcrest Village, a 136,061-square-foot shopping center in the northern Dallas suburb of Carrollton. The property was 85 percent leased at the time of sale to tenants including Aldi ,Ace Hardware, Subway, O’Reilly Auto Parts, The UPS Store, Little Caesars Pizza and State Farm Insurance. Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Co. represented the seller, an Oklahoma-based developer, in the transaction. A Texas-based private investor purchased the property via a 1031 exchange. Both parties involved in the deal requested anonymity.

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