“We continue to seek high quality, stable investments that fit within our Portfolio By Design strategy. This is the first step in expanding our footprint into Oklahoma City, which we see as a prime target for acquisitions." - Scott P. Sealy, Jr.
Dallas, TX (PRWEB) July 31, 2014
Sealy & Company , a fully integrated commercial real estate investment and operating company headquartered in Dallas, is pleased to announce the acquisition of a Gardner Tanenbaum Holdings project in Oklahoma City, OK, through the Sealy sponsored investment fund Sealy Strategic Equity Partners (SSEP).
The high quality, newly constructed, 280,000 square foot Industrial build-to-suit is located in a prime distribution and warehouse area at I-35 and Britton Road in north Oklahoma City. With room to expand by 90,000 square feet, the property features state of the art construction with energy efficient materials. The tenant, national utility tape manufacturer ShurTech Brands®, has enjoyed significant growth over the last 10 years. ShurTech recently executed a 15 year lease. Strong credit and consistent growth of ShurTech directly align with SSEP’s unique investment strategy. The long term occupancy and cash flow will be accretive to the established SSEP portfolio.
“Through SSEP, we continue to seek high quality, stable investments that fit within our Portfolio By Design strategy”, states Scott Sealy Jr., Vice President and Business Development. “This is the first step in expanding our footprint into Oklahoma City, which we see as a growing and vibrant secondary market and a prime target for acquisitions”.
This acquisition was possible due to an existing relationship between Scott Sealy, Jr. of Sealy & Company and Brett Price of Newmark Grubb Levy Strange Beffort, who was the sellers broker for this transaction.
Sealy Strategic Equity Partners (SSEP) is a Sealy & Company sponsored investment, comprised primarily of industrial real estate assets. SSEP continues to actively seek value-add industrial real estate in the south and southeast, with defined investment size between $5 to $100 million, and with a focus on major industrial markets. More information about SSEP please contact Sealy & Company at http://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. Sealy & Company is also the sponsor of SSEP, a private equity offering, and diversified limited partnership, primarily comprised of industrial real estate assets.
For further information, contact:
Kayte H. Hollowell
Sealy & Company
Corporate Marketing and Communications