The property is located in a submarket in which Sealy has significant expertise.
DALLAS–(BUSINESS WIRE)–#Acquisitions–Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of a newly constructed 191,845 square foot Class A industrial distribution center in Oklahoma City’s industrial hub. The off-market transaction was made for an undisclosed amount.
The fully leased, state-of-the-art facility is located at the corner of Purdue Avenue and S.W. 36th Street. Located less than 1/2 mile north of Hwy 152, and approximately 2 miles from I-40 and I-44, the facility provides tenants convenient access to all of Oklahoma City’s major interstates. The property offers tenants superb building features and cross-dock functionality, a rare amenity for buildings of this size in the market.
“Sealy’s history in the OKC market has produced deep relationships and market knowledge which were contributing factors to the transaction’s success. Knowing the limited pool of competing products in the overall OKC market and the development constraints in the Southwest submarket, we believe this acquisition was a strategic addition to our growing portfolio,” says Scott P. Sealy, Jr, Sealy & Company’s Chief Investment Officer.
Mr. Sealy, Jason Gandy, Managing Director – Investment Services, and Derrick Jones, Regional Director, were instrumental in completing the transaction for Sealy & Company.
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouses, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions. Sealy & Company has an exceptional team of over 100 employees, located in eight offices, with corporate offices in Dallas, TX and Shreveport, LA.
Contacts
Kayte H. Hollowell
Director – Marketing | Sealy & Company
318.222.8700 | KayteH@Sealynet.com
