{"id":1004101629,"date":"2014-08-01T13:43:25","date_gmt":"2014-08-01T21:43:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=280984"},"modified":"2020-05-11T21:15:06","modified_gmt":"2020-05-12T05:15:06","slug":"sealy-pays-17m-for-new-shurtech-distribution-center-in-oklahoma-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sealy-pays-17m-for-new-shurtech-distribution-center-in-oklahoma-city\/","title":{"rendered":"Sealy Pays $17M for New ShurTech Distribution Center in Oklahoma City"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a>Sealy & Co. has acquired a recently completed distribution center in Oklahoma City for $17 million, The Oklahoman<\/em><\/a> reported.<\/p>\n

Oklahoma City-based Gardner Tanenbaum Holdings developed the 280,000-square-foot facility for ShurTech Brands L.L.C., a utility tape manufacturing company, which signed a 15-year lease.<\/p>\n

Located at I-35 and Britton Road, the distribution center features 36-foot clear-height ceilings and state-of- the-art construction materials. The site offers room for up to 90,000 square feet of expansion.<\/p>\n

ShurTech\u2019s new location is about one mile from the facility it occupied previously, a 154,000-square-foot distribution center at I-35 and Hefner Road. Brett Price of Newmark Grubb Levy Strange Beffort represented Gardner Tanenbaum in the transaction.<\/p>\n

Sealy acquired the asset through an investment fund, Sealy Strategic Equity Partners. \u201cThis is the first step in expanding our footprint into Oklahoma City, which we see as a growing and vibrant secondary market and a prime target for acquisitions,\u201d said Scott Sealy Jr., Vice President of Sealy & Co. \u2018\u2019Through SSEP, we continue to seek high quality, stable investments that fit within our Portfolio by Design strategy.\u2019\u2019<\/p>\n

The SSEP investment fund has acquired over 1 million square feet of industrial properties its Portfolio By Design strategy.<\/p>\n

Image courtesy of Gardner Tanenbaum Holdings<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dallas-based real estate firm Sealy & Company announced the acquisition of a new, high quality distribution center in Oklahoma City.<\/p>\n","protected":false},"author":192,"featured_media":1004505764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[1815],"class_list":["post-1004101629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","tag-national"],"acf":[],"yoast_head":"\nSealy Pays $17M for New ShurTech Distribution Center in Oklahoma City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sealy-pays-17m-for-new-shurtech-distribution-center-in-oklahoma-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sealy Pays $17M for New ShurTech Distribution Center in Oklahoma City\" \/>\n<meta property=\"og:description\" content=\"Dallas-based real estate firm Sealy & Company announced the acquisition of a new, high quality distribution center in Oklahoma City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sealy-pays-17m-for-new-shurtech-distribution-center-in-oklahoma-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-01T21:43:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T05:15:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/shurtech-rendering.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sealy-pays-17m-for-new-shurtech-distribution-center-in-oklahoma-city\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sealy-pays-17m-for-new-shurtech-distribution-center-in-oklahoma-city\/\",\"name\":\"Sealy Pays $17M for New ShurTech Distribution Center in Oklahoma City - 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