NAI Saig Company facilitated the off-market sale of a 658,820 SF industrial distribution center located at 5555 E. Raines Road in Memphis, Tennessee. Hank Martin represented the buyer, Sealy & Company, while Brian Califf represented the seller, SK Realty Management. This transaction expands Sealy & Company’s Memphis presence to nearly 2.3 million square feet.
As stated by Sealy & Company’s Chief Investment Officer, Scott Sealy Jr., “This acquisition adds to Sealy’s already substantial footprint in Memphis as we continue to look for opportunities in this market. The national supply chain and logistics capabilities of this distribution hub will prove beneficial for both tenant success and Sealy’s investment term. We greatly appreciate the cooperation and diligence of all parties involved in this transaction.”