DALLAS--(BUSINESS WIRE)--Sealy & Company, a fully-integrated commercial real estate investment and operating company, and recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties, announced the acquisition of Northwest Business Center for its investment offering: Sealy Strategic Equity Partners (SSEP).
Northwest Business Center is located in Marietta, Georgia, and is comprised of 12 warehouse and flex/light industrial buildings totaling nearly 472,000 sq.ft. With the new Atlanta Braves ballpark project nearby and excellent access to Interstate 75 and Interstate 285, the portfolio will benefit from stimulated needs for local development and distribution. This submarket is located in a state of Georgia Opportunity Zone. With state programs to fuel employment, invest in roadways, and connect the area to nearby universities and job centers, this area is positioned to grow.
“The Marietta submarket continues to demonstrate the fundamentals for a sustained pro-business environment and provides a catalyst for increasing rental rates in the area,” stated Scott P. Sealy, Jr. “We are encouraged by the improving vacancy rates and positive absorption in the Northwest Atlanta market and find this portfolio to be an excellent addition to SSEP.”
For more news and information regarding Sealy Strategic Equity Partners (SSEP), or 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 eight offices, with corporate offices in Dallas, TX and Shreveport, LA. and is the sponsor of SSEP, a private equity offering and diversified limited partnership, primarily comprised of industrial real estate assets.