DALLAS--(BUSINESS WIRE)--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 privately traded REIT and its' related assets which included a seventeen-building, industrial park totaling over 1.2 Million SF located in the Southwest submarket of Oklahoma City, OK.
This acquisition was made by Sealy & Company on behalf of Sealy Strategic Equity Partners (SSEP) whose innovative and flexible financing structure provided solutions to acquire the entity as well as the assets. "Sealy & Company prides itself on executing creative strategies staying true to our entrepreneurial spirit which has guided us since 1946," commented Scott P. Sealy, Sr., Chairman of Sealy & Company.
This acquisition provided the opportunity for Sealy to acquire a critical mass of quality industrial product in a single market at a significant discount to replacement cost. The buildings are situated in Oklahoma City’s most established industrial submarket and benefit from close proximity to Will Rogers World Airport, Interstate 44, and Interstate 40. The Portfolio is currently 92% leased to 44 tenants representing a wide variety of industries and has demonstrated a strong historical occupancy.
“We have been pleased with Sealy's recent history in the Oklahoma City market and look forward to continuing and expanding our business in this market,” stated Scott Sealy, Jr., Vice President and Business Development. “Oklahoma City's market fundamentals align with SSEP's Portfolio by Design strategy which focuses on quality properties in strategic locations occupied by excellent 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 Sealy Strategic Equity Partners, L.P.