DALLAS, TX – (November 9, 2023) – 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 the Tulsa Core Infill Portfolio comprised of five Class A Warehouse/Distribution facilities totaling 283,237 square feet. The portfolio was acquired at a discount to replacement cost.
Sealy & Company seized the opportunity to acquire a rare Class-A warehouse/distribution portfolio that caters to tenants with an average suite size of just under 30,000 SF, capturing the most in-demand space sizes represented in the Tulsa market. The buildings have state-of-the-art building characteristics such as up to 33’ clear heights, ESFR fire protection, rear-load functionality, 152’ truck courts, and low office finish. The portfolio is fully leased to a diverse and committed tenant roster that serves a wide range of essential industries and consists of investment-grade tenants and several established local and regional businesses.
Tulsa’s industrial market has seen consistent positive net absorption in the last four years. Historically, Tulsa has had a limited construction pipeline while maintaining healthy leasing momentum, keeping the vacancy rate below 4% for the last five years. The properties acquired are in the Northeast and Southeast submarkets, which have posted two of the lowest vacancy rates in Tulsa. Ideally located near Tulsa’s major population centers, the Tulsa Core Infill Portfolio provides access to a deep customer base and an extensive blue-collar labor pool, which should drive consistent demand from users in the industrial market.
“Sealy & Company has been an active owner and acquirer of properties in Oklahoma for the last decade. We are pleased to add the Tulsa market to our platform, and we will continue to seek investment opportunities in industrial real estate that align with our portfolio by design strategy. The consistent market fundamentals, quality properties, and credit-worthy tenants of the Tulsa Infill Industrial Portfolio proved to be an ideal addition to Sealy’s growing industrial portfolio,” says Jason Gandy, Sealy & Company’s Managing Director— Investment Services.
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.