DALLAS, TX – (June 18, 2025) – Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, is pleased to announce the acquisition of 545 Mondial Parkway, a 98,000-square-foot, Class B industrial asset located in Streetsboro, Ohio. The asset is fully leased to a single tenant and strategically positioned within the Southeast submarket of Cleveland, one of the region’s most established and in-demand logistics corridors.

The facility features highly functional characteristics including 24-foot clear height, concrete tilt-wall construction, 11 dock-high doors (expandable to 25), and a rear-load configuration. Situated on more than 10 acres, the site offers additional development upside with the potential to expand the building footprint by approximately 49,000 square feet. Ample trailer and auto parking further enhance its logistics capabilities. The tenant, a global manufacturer and distributor, has occupied the facility since its original delivery.

Located less than two miles from Interstates 80 and 480, 545 Mondial Parkway offers direct access to major transportation networks, connecting regional and national supply chains. The property benefits from strong market fundamentals, with the Southeast Cleveland industrial submarket experiencing continued rent growth well above historical norms. These attributes position the asset for long-term stability and value creation.

“This acquisition aligns with Sealy’s investment strategy of targeting high-quality industrial assets in infill locations with strong tenancy and functional design,” said Jason Gandy, Managing Director – Investment Services at Sealy & Company. “545 Mondial Parkway provides secure in-place cash flow, expansion potential, and a foothold in a supply-constrained logistics corridor.”

The acquisition was sourced off-market and closed with the support of Sealy’s Investment Services team, including Jason Gandy, Managing Director – Investment Services, and Davis Gibbs, Director – Investment Services. CBRE’s Ryan Bain represented the seller in the transaction.

Sealy & Company continues to pursue strategic acquisitions across the U.S., targeting locations with strong infrastructure, limited new supply, and consistent tenant demand. Read more about our acquisition capabilities here.