Sealy & Co. Buys Desoto County Distribution Center
- Feb 16, 2015
Sealy & Co. just increased its regional footprint through the acquisition of the Hacks Cross Distribution Center located in Desoto County, Miss. At the time of the acquisition, the 240,000-square-foot distribution center was fully leased by hardlines distributor Orgill Inc.
The purchase was made for the commercial real estate investment and operating company’s investment offering Sealy Strategic Equity Partners (SSEP). SSEP targets Class A, B and C industrial assets in the Southeast, Southwest and South-Central U.S. According to the company’s official website, their target investments are distribution centers, warehouses, office service centers, flex warehouses, land, in-fill sites and developed land tracts.
“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,” stated an official statement Scott Sealy, Jr., vice president, Business Development, Sealy & Co. “Sealy looks forward to cultivating a relationship with Orgill and are pleased to count them as one of our long-term tenants.”