ATLANTA--(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 607,183 square foot manufacturing/warehouse facility in the Atlanta, GA area. The off-market transaction was made on behalf of Sealy Industrial Partners, L.P. (SIP) for an undisclosed amount.
The mission-critical food production and distribution facility, which produces 200,000 pounds of croutons a day, is located at 580 West Industrial Court and benefits from easy access to I-20 and the Fulton Industrial submarket. Atlanta attracts a broad diversity of businesses and services as one of the largest metropolitan economies in the nation. The relative low cost of doing business and its quality labor pool offer tenants stable fundamentals to operate and expand their businesses.
The property features cross-dock functionality, abundant trailer storage, and additional on-site land that poses the opportunity for expansion. Its well-maintained grounds are fully leased to Sugar Foods Corporation, an international food products company, whose significant investment and commitment to the facility will offer Sealy stable occupancy for several years.
“We are fortunate to close another deal in the Atlanta metro as we round out the third quarter. The past several weeks have been very active for us with multiple acquisitions, and we are encouraged by the opportunity to add an attract investment in a Tier I market to our portfolio. Our team continues to bring promising opportunities to the table as our acquisition pipeline continues to grow, and we’re looking forward to continued strong activity in the fourth quarter,” says Sealy & Company’s Director of Investment Services, Jason Gandy.
The transaction was negotiated directly between Sealy & Company and the Seller.
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 Industrial Partners, L.P. (SIP).