Sealy Real Estate Services, a division of Sealy & Company, announces that it has brokered the sale of a 226,000 square-foot industrial facility located at 7699 West Bert Kouns Industrial Loop in Shreveport, Louisiana to LAMN, L.L.C., an affiliate of Lubrication Technologies, Inc. (Lube-Tech).
Beth F. King, SIOR an Associate Broker, and Mark. P. Sealy, President of Sealy Real Estate Services represented the seller Sealy Industrial Loop Partners, L.P. in this sale. “Lube-Tech’s investment in the Shreveport market along with providing quality local jobs is a win for Shreveport’s economy” stated Beth F. King, SIOR.
Lube-Tech is a market leader in resources for advanced lubrication and energy solutions. The new Shreveport facility will manufacture, package and distribute specialty lubricants globally. Lube-Tech purchased the manufacturing facility for $7.2 Million.
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
About Sealy & Company
Founded in 1946, Sealy & Company is a fourth-generation family-owned commercial real estate investment and operating company specializing in industrial and logistics properties. The firm acquires, develops, redevelops, manages and operates industrial real estate throughout the United States through a fully integrated platform that includes acquisitions, development, asset management, property management, construction management, and brokerage services. Sealy & Company currently manages more than $3 billion in assets and has completed over $8 billion in investment volume throughout its history.