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 658,820 square foot industrial distribution facility in Memphis, Tennessee, “America’s Distribution Center.” The off-market transaction, which expands Sealy’s presence in Memphis to nearly 2.3 million square feet, was made on behalf for an undisclosed amount.
Located at 5555 E. Raines Road at the intersection of Raines Road and Clarke Road, this functional distribution building lies within Memphis’s most established industrial submarket less than 10 miles from the Memphis International Airport, the busiest air cargo airport in the U.S. Additionally, it enjoys immediate access to the largest rail center in the U.S. and the largest port on the Mississippi. The property features 22’ clear height, a cross-dock configuration, rail service, and ample dock doors.
“This acquisition adds to Sealy’s already substantial footprint in Memphis as we continue to look for opportunities in this market. The national supply chain and logistics capabilities of this distribution hub will prove beneficial for both tenant success and Sealy’s investment term. We greatly appreciate the cooperation and diligence of all parties involved in this transaction.” says Sealy & Company’s Chief Investment Officer, Scott Sealy Jr.
The sale was brokered by Hank Martin and Brian Califf of NAI Saig Company out of Memphis. The seller, SK Realty Management, was led by Benjamin Rubin while Scott Sealy Jr. and Jason Gandy led the transaction for Sealy & Company.
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.