OKLAHOMA CITY (JR) — Commercial and industrial real estate investment and operator Sealy & Company announced Thursday the acquisition of a new 191,845 square foot industrial distribution center in Oklahoma City.
The state-of-the-art fully leased facility is located at the corner of Purdue Avenue and SW 36th Street.
The off-market transaction was made for an undisclosed amount, Sealy & Company said in a statement.
Located less than half a mile north of Interstate 152 and approximately 2 miles from Interstates 40 and 44, the property provides tenants with easy access to all major Oklahoma City interstates, the company said. based in Dallas.
According to the release, the property also offers tenants “superb” building features and transshipment functionality, rare amenities for buildings of its size on the market.
“Sealy’s history in the OKC market produced deep relationships and market knowledge that contributed to the success of the transaction,” said Scott P. Sealy Jr., chief investment officer of Sealy & Company. “Knowing the limited pool of competing products in OKC’s overall market and development constraints in the Southwest submarket, we believe this acquisition was a strategic addition to our growing portfolio.”
Sealy & Company identifies itself as a leader in the acquisition, development and redevelopment of regional distribution warehouses, industrial hoses and other commercial properties. According to the release, it provides a full service platform to high net worth individuals and institutional investors through its development, management and brokerage divisions.
Sealy & Company employs more than 100 people in offices located in eight offices, with headquarters in Dallas, Texas, and Shreveport, Louisiana.