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 311 NW 122nd Street, a 174,798 square foot distribution center, in Oklahoma City, Oklahoma. The off-market transaction was made for an undisclosed amount.
Sealy & Company’s newest acquisition was made in a submarket in which it has significant experience and knowledge. The firm’s market relationships and familiarity with the limited comparable industrial product in the area contributed to the successful direct transaction of the 311 NW 122nd Street property. The building is 100% occupied and boasts a diversified tenant roster. Located in the North Oklahoma City Submarket, this property features convenient access to I-35, the country’s third-longest north-to-south highway system. Oklahoma City’s vacancy rates are near record lows, coinciding with the city’s continued population and economic growth, with e-commerce fueling the increased tenant and developer demand for logistics space.
“Despite being a small company, we have a big footprint that continues to grow with each new acquisition. Having discretionary capital in place positions us on the same playing field as the institutional capital in the market today. The difference is, we bring an institutional closing capability with an entrepreneurial spirit. We’re able to react and move quickly on deals that other larger companies can’t,” says Jason Gandy, Sealy & Company’s Managing Director— Investment Services.
Gandy, alongside fellow Sealy Investment Services Team member Davis Gibbs, Senior Investment Associate, led the transaction in conjunction with Brett Price of Newmark, 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.