Craig Tomlinson of Stan Johnson Company represented both thebuyer and the seller, Oak Brook, Ill.-based Inland Western RetailReal Estate Trust Inc. The transaction was an off-market deal,Tomlinson tells GlobeSt.

Tomlinson was familiar with the buyer, having sold asingle-tenant office building to him before. The investor hadrecently sold apartment asset and needed to reinvest the proceedsfrom the disposition. "I worked their need for several months andwent through the classic 1031 routine of identifying properties andculling them out," Tomlinson says. "The Coventry asset was aperfect fit: perfect size, excellent credit and great real estatein the seventh largest MSA in the country."

Tomlinson also was familiar with the Coventry office building,having sold it to Inland Western in 2005. The property, whichserves as a claims and customer service center, had a shorter leasethan most net lease properties, along with existing conduitdebt.