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Sealy & Co. Grows Detroit Industrial Presence
Sealy & Company acquired a newly constructed, fully leased 713,796-square-foot Class A distribution facility at 2100 S. Opdyke Rd. in Pontiac, MI from Kansas City-based Flint Development. It’s Sealy’s second acquisition in the Detroit region this year, bringing the firm’s total square footage in the Detroit MSA to nearly two million square feet.
“With over 50% of our acquisitions this year being off-market transactions, we are exceedingly appreciative of the relationships we have cultivated in the industry,” said CIO Scott Sealy Jr. “We have seen robust growth in the region, and our latest acquisition fits our proven investment strategy. Our partners are a key factor in Sealy being recognized as one of the country’s most active buyers of industrial real estate, which is a trend we hope to continue.”
Managing director Jason Gandy and director Davis Gibbs led the transaction for Sealy & Company. Newmark Zimmer’s John Hassler represented the seller.
- ◦Sale/Acquisition