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 466,670 SF Class A warehouse/distribution facility situated on 49 acres located at 2800 46th Avenue East, Meridian, Mississippi. This acquisition is the first investment in the Meridian market and aligns with SSEP’s Portfolio By Design acquisition strategy.
Located along Interstates 20 & 59, this distribution center allows access to 55% of the nation’s population in a day’s drive or less. The building is currently 96% occupied by a leading international provider of transportation logistics, warehousing, and distribution services. The state-of-the-art distribution facility built in 2011 features a 170’ truck court, 32’ clear heights, and an ESFR sprinkler system.
“The acquisition of the Meridian asset allowed SSEP to purchase a Class A property at a significant discount to construction cost,” stated Mark P. Sealy, President. “Through Sealy’s depth of industry relationships and SSEP’s enterprise financing structure, we were able to capture this opportunity”.
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.