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 a 713,796 square foot Class A distribution facility. Located at 2100 S. Opdyke Road in Pontiac, this closing marks Sealy’s second acquisition in the Detroit region this year, bringing the firm’s total square footage in the Detroit MSA to nearly 2 million square feet, and showing the firm’s continued commitment to this thriving market. The property was built and sold by Flint Development out of Kansas City.

The property was delivered in 2022 and features state-of-the-art construction and features ESFR fire protection, LED lighting, 36′ clear heights, a cross-dock configuration, 153 dock doors, 4-grade level doors, and build-to-suit office finish. The warehouse/distribution property is fully leased to a Fortune 25 Domestic Corporation and has been identified as a mission-critical facility for future operations.

Detroit’s long history in the vehicle production industry has resulted in a vast network of automotive-related suppliers and parts manufacturers that occupy a significant portion of Pontiac’s industrial inventory. Located in Detroit’s largest industrial submarket, the asset is at the epicenter of automotive manufacturing and benefits from excellent access to I-75. Rent growth in the submarket has been trending about 55 basis points above the average for the MSA, and there is currently no leasable availability for Class A space over 250,000 square feet, according to CoStar.

“With over 50% of our acquisitions this year being off-market transactions, we are exceedingly appreciative of the relationships we have cultivated in the industry. We have seen robust growth in the region, and our latest acquisition fits our proven investment strategy. Our partners are a key factor in Sealy being recognized as one of the country’s most active buyers of industrial real estate, which is a trend we hope to continue,” says Scott Sealy Jr, Chief Investment Officer – Sealy & Company.

Jason Gandy, Managing Director – Investment Services, and Davis Gibbs, Director – Investment Services, led the transaction for Sealy & Company. John Hassler of Newmark represented the seller.