Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate announces the acquisition of Perimeter East Industrial Park in the I-20 East Submarket of Atlanta. Perimeter East Industrial Park is an eight-building, Class A distribution portfolio totaling 775,339 square feet of highly functional assets and is currently 100% occupied. This acquisition was made by Sealy & Company through a new joint venture partnership.
The location of the Perimeter East Industrial Park is a huge differentiator that sets the portfolio apart from its peers. The portfolio’s location provides incredible access to Metro Atlanta and beyond, and is situated in an area that enjoys far less congestion than the majority of Atlanta’s Interstate Network. With direct access to Atlanta’s I-285 perimeter highway, tenants can reach nearly 3 million people within a thirty-minute route. Drive times are short to essential transportation nodes such as The Hartsfield- Jackson International Airport (11 miles) and the intersection of I-85 N and I-285 (16 miles). This micro-market is land constrained, and new development is very restricted. Perimeter East offers strategic positioning for an ever-increasing segment of tenants in need of reliable last-mile delivery channels.
In addition to this strategic location, these highly functional buildings feature ample clear heights, deep truck courts, plentiful outside trailer storage, ESFR, and T-5 lighting. Currently 100% occupied, Perimeter East is well-anchored by a wide range of well capitalized corporations that diversify the rent roll.
“The attraction to acquire this portfolio was driven by the ability to acquire a stable, cash flow producing portfolio of highly functional assets well below replacement cost setting the investment up to realize significant long-term appreciation given the location and needs of the market” stated Scott Sealy, Jr., Vice President and Business Development.
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 warehouse, 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 five offices, with corporate offices in Dallas, TX and Shreveport, LA.