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.