DALLAS--(BUSINESS WIRE)--Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announced the acquisition of Hacks Cross Distribution Center located in Mississippi’s Desoto County just south of Memphis, TN. The acquisition is yet another transaction for the company’s prominent investment offering Sealy Strategic Equity Partners (SSEP) and reinforces the investment’s Portfolio By Design strategy which includes acquiring industrial assets located in the Southeast and Southwest US utilized by proven, credit-worthy tenants.
This acquisition broadens the geographic footprint of SSEP and Sealy & Company. Desoto County is one of the fastest growing submarkets of Memphis, providing pro-business incentives, newer infrastructure, and institutional ownership. Capitalizing on the growing appeal of the submarket, Sealy acquired a 240,000 sq. ft. distribution center which is fully leased and occupied by Orgill Inc., the world’s largest independently owned and fastest growing hardlines distributor. Orgill Inc. provides retailers across the United States and in more than 60 countries access to over 75,000 products and industry-leading retail services.
“In keeping with our value investing commitment, which is focused on stable industrial real estate assets, growing cash flow, and solid equity appreciation, the SSEP portfolio will be enhanced with the addition of Hacks Cross,” stated Scott Sealy, Jr., Vice President and Business Development. “Sealy looks forward to cultivating a relationship with Orgill and are pleased to count them as one of our long-term tenants.”
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 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.