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 two distribution buildings in Olive Branch, MS totaling 1,718,884 square feet. The transaction is the largest acquisition by dollar amount accomplished and brings Sealy’s ownership in the Memphis area to over four million square feet.
Less than 20 miles from the Memphis International Airport, the busiest air cargo airport in the U.S., this Olive Branch property lies within a region boasting exceptional logistical connectivity. Additionally, it enjoys immediate access to the largest rail center in the U.S., the largest port on the Mississippi, and Highway 78. The property features a low office finish and modern design characteristics including cross-dock loading configurations, 30’-32’ clear heights, wide truck courts, and abundant auto and trailer parking with expansion potential.
“These distribution buildings are two of the highest quality class A assets within the DeSoto County submarket, which boasts outstanding tenant retention rates,” says Jason Gandy, Sealy & Company’s Managing Director of Investment Services. “In fact, we’re acquiring these mission-critical facilities for national-level distribution tenants at 100% tenancy. This is a great addition to the SSEP portfolio as our presence in Memphis and its surrounding areas rapidly grows.”
Sealy’s acquisitions team, led by Jason Gandy and Scott Sealy Jr., worked closely with Casey Masters of Cushman & Wakefield to purchase the property from Clarion Partners.
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.