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 3131 N. Franklin Road, a 488,692 square foot distribution center, in Indianapolis, Indiana. The off-market transaction was made for an undisclosed amount.
“Over our 75-year history, Sealy & Company has been committed to the commercial real estate industry. Over this time, we have become artful aggregators of real estate. As our full-service platform continues to evolve, the methodology in how we underwrite deals and find the value in our investments has stayed true,” says Scott Sealy, Jr., Sealy & Company’s Chief Investment Officer.
The company’s newest acquisition was made in a familiar market, having already owned assets in Indianapolis, beginning with a purchase in early 2017. The building is 100% occupied and boasts a diversified tenant roster. 3131 North Franklin Road is located in the East Industrial Submarket of Indianapolis with immediate access to the I-70 corridor, the I-465 Loop, and a highly favorable labor profile. Central Indiana has earned the nickname as the Crossroads of America for being located within an eight-hour drive to over 40 major metropolitan cities.
Sealy Investment Services Team members Jason Gandy, Managing Director – Investment Services, and Davis Gibbs, Senior Investment Associate, led the transaction in conjunction with Zach Graham of CBRE who represented the seller.
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.