Sealy & Company Acquires Distribution Center in Lakeland

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 two Class A Industrial properties totaling 841,849 square feet. Located in Lakeland, Florida – the addition of 5300 Allen K Breed Hwy heralds Sealy & Company’s re-entry into the highly competitive Florida industrial market. This property was acquired in an off-market deal for an undisclosed amount.

The acquisition includes two recently delivered distribution facilities featuring state-of-the-art construction. The buildings, each totaling 491,920 square feet and 349,929 square feet, possess excellent functionality for distribution users including 36’ clear heights, cross-dock configurations, ample parking, ESFR fire protection, and LED lighting.  The properties boast an excellent location with immediate access to Interstate 4, the primary corridor connecting Orlando to Tampa providing access to over 9.5 million people within 100 miles.

Few markets in the country have benefited more from the shift in supply chain strategy to faster delivery times than Tampa’s Polk County submarket. In today’s environment, two-week delivery times have been compressed down to two days. In light of this shift, the Lakeland market has emerged as the centerpiece of a new statewide distribution network serving a pivotal role in facilitating the movement of goods across the Florida peninsula. This change, along with the trend of delivering “to Florida, from Florida” has created a huge demand for industrial space in Central Florida according to CRBE.

“Sealy and Company is excited to be expanding our footprint into the central Florida region with this off-market transaction. As one of the most active private buyers of industrial real estate, we have a vested interest in strengthening our presence in key Southeastern industrial markets in the US and continue to actively seek out assets in these markets that align with our proven investment strategy” says John Nida, Senior Regional Director – Investment Services for Sealy & Company.

Jason Gandy, Managing Director – Investment Services, and Mr. Nida led the transactions for Sealy & Company.  Frank Fallon of CBRE represented the seller.

Photo:  Sealy & Company

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