This transaction was made for an undisclosed amount through an off-market deal for below replacement cost.
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 185,475-square-foot industrial property in Little Rock, Arkansas. The asset, 6001 Lindsey Road, is a Class-A warehouse/distribution facility with an excellent location in a growing institutionally recognized submarket. This transaction was made for an undisclosed amount through an off-market deal for below replacement cost.
The property has a brand new TPO roof and boasts optimal functionality for warehouse/distribution facility use with its 22 dock doors, one drive-in door, 120’ truck court, 24’ clear heights, and front load configuration. It has a varied tenant roster that has significantly invested in improvements and security to its respective space.
Ideally located in the Airport Industrial Submarket, the asset has immediate access to Interstate 440 and the Bill and Hillary Clinton airport. It is also just 3.5 miles from Interstates 530 and 30 and includes direct access to the Port of Little Rock via Lindsey Road, which handles 12 million tons of cargo annually. The Airport Industrial submarket is primed for continued growth and is the most sought-after submarket in the region, according to CBRE. It is currently enjoying a high occupancy rate, with the only recent delivery being a 3.5-million-square-foot Amazon fulfillment center. Little Rock has a metro population of over 700,000 and, as the capital and largest city in the state, it serves as the geographic and economic heart of the state.
“The investment services team is ecstatic to add this quality asset to our portfolio. The ideal location, optimal functionality, and credit tenancy are all positive indicators for success in Little Rock’s growing industrial market. By leaning into our industry relationships, sticking to our proven investment strategy, and maintaining our reputation for closing deals, we will continue to add valuable properties like this one to the Sealy & Company portfolio,” says Scott P. Sealy, Jr, Chief Investment Officer for Sealy & Company.
Jason Gandy, Managing Director – Investment Services, and Brooks Burgin, Associate – Investment Services, led the transaction for Sealy & Company. Andrew Wiechern of Colliers represented the seller Tempus Realty Partners.
For more news and information regarding Sealy & Company, please visit the Company’s website at www.Sealynet.com.
Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment and operating firm, 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, with corporate offices in Dallas, TX, and Shreveport, LA.
Contacts
Kayte H. Hollowell
Vice President – Marketing & Communications | Sealy & Company
318.222.8700 | KayteH@Sealynet.com
