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 its 124,800 square foot distribution facility at 500 Distribution Parkway in Collierville, TN. The direct transaction was made for an undisclosed amount.

Located on over seven acres in the Southeast submarket and one of Memphis’ most desirable suburbs, this Collierville property boasts easy access to multiple interstates and state highways. Additionally, Collierville is located within two days via truck to 80% of the United States population, near the Memphis International Airport, and west of the Norfolk Southern Intermodal Facility. The property features a rear-load configuration, 22 dock doors, and low office finish.

“This property benefits from Memphis’ reputation and strength as a prominent national distribution market. The tenant’s long-term commitment to the property makes it ideal for adding stability to the rent roll of our growing portfolio,” stated Scott Sealy, Jr., Sealy & Company’s Chief Investment Officer.

Sealy’s acquisitions team, led by Jason Gandy and Scott Sealy Jr., worked closely with Hank Martin of NAI Saig Company out of Memphis, TN to direct the purchase of the property.