Fully-integrated commercial real estate investment and operating company, Sealy & Company, recently announced an acquisition of a distribution center for its Sealy Strategic Equity Partners (SSEP), a private Regulation D equity offering.
The acquired property, Hacks Cross Distribution Center, is located in Desoto County of Mississippi, which is just south of Memphis, TN.
“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,” commented Scott Sealy, Jr., Vice President and Business Development.
The distribution center contains 240,000 square feet and is 100 percent leased to Orgill, Inc., a distributor of over 75,000 products to retailers throughout the U.S. and 60 countries.
“Sealy looks forward to cultivating a relationship with Orgill and are pleased to count them as one of our long-term tenants,” added Sealy.
In January, Sealy & Company announced an acquisition in Atlanta’s Northwest submarket of a 12 building portfolio.