NAI Saig Company would like to thank Sealy and Company for the opportunity to represent them on the purchase of a 124,800 square foot distribution facility at 500 Distribution Parkway in Collierville, TN. The property is located in the Southeast submarket on 7 acres and has easy access to multiple interstates and highways. It is near Memphis International Airport and Norfolk Southern Intermodal Facility. The property is also only two days via truck to 80% of the United States population. The newly-acquired facility has 22 dock doors, a rear-load configuration, and low office finish.
Scott Sealy, Jr., Sealy & Company’s Chief Investment Officer, stated that: “This property benefits from Memphis’ reputation and strength as a prominent national distribution market. The tenant’s long-term commitment to the property makes it ideal for adding stability to the rent roll of our growing portfolio.”
Hank Martin with NAI Saig Company represented Sealy on the acquisition and also works with them on the marketing and leasing of their Memphis portfolio.