Expands Footprint Acquisition

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”.