Sealy & Co. Expands Arkansas Portfolio

6001 Lindsey Road. Image courtesy of Sealy & Co.

Sealy & Co. has acquired a 185,475-square-foot industrial property in Little Rock, Ark. Tempus Realty Partners sold the Class B asset in an off-market deal for below replacement cost.

Sealy & Co. was self-represented in the deal, with Managing Director Jason Gandy and Associate Brooks Burgin leading the transaction. Associate Andrew Wiechern with Colliers assisted the seller.

The property previously traded in 2017 for $4.5 million. The facility also became subject to a $3 million loan provided by First Bank Security in 2019, with a maturity date set for 2026, CommercialEdge data shows.

Built in 1986, the warehouse is on a 10.4-acre lot and features 24-foot clear heights, 22 dock doors, one drive-in door, front-load configuration, 120-foot truck court, TPO roof and ESFR fire sprinklers. The tenant roster includes Certifit Auto Body Parts, Loomis Armored US and Conklin Metal Industries.

The property is located at 6001 Lindsey Road, with immediate access to Interstate 440 and roughly 6 miles from downtown Little Rock. The facility is near Bill and Hillary Clinton National Airport, about 3 miles away from the Port of Little Rock.

This current transaction marks the company’s second investment in Little Rock. Back in August 2021, Sealy & Co. acquired a 303,369-square-foot Class A distribution warehouse.

Industrial presence in the Midwest

The firm has 145 industrial assets in its portfolio, totaling approximately 24.4 million square feet, CommercialEdge data shows. In the past year, Sealy & Co. was active in several markets, particularly throughout the Midwest.

Sealy expanded in Detroit with the acquisition of two properties—a 600,000-square-foot building in Romulus, Mich. and a 713,796-square-foot distribution facility in Pontiac, Mich.—which brought its holdings in the market to nearly 2 million square feet.

The company grew its Kansas City portfolio with the acquisition of a 70,000-square-foot distribution facility and the purchase of Building One of I-35 Logistics Park, a 569,584-square-foot property in Olathe, Kan.

It also closed two acquisitions in Ohio—a logistics facility at 1225 Southgate Parkway in Etna Township, and a 1.1 million-square-foot portfolio of industrial assets in Dayton.