Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of an industrial portfolio consisting of 17 buildings and 1.28 million square feet in addition to a 11.21-acre land parcel in Oklahoma City, Oklahoma.
HFF marketed the property on behalf of the seller, an institutional advisor. Dallas-based Sealy & Company,on behalf of Sealy Strategic Equity Partners (SSEP), purchased the portfolio free and clear of existing debt.
The Oklahoma City portfolio is just over 90 percent occupied by 43 tenants, including the U.S. Federal Government, Lennox Industries, Integris, Creative Container, Biagi Warehousing and Lincoln Electric, among many others. The portfolio comprises two clusters of buildings situated in the Southwest submarket north of the Will Rogers World Airport and south of Interstate 40.
The HFF investment sales team was led by managing director Adam Herrin and associate director Stephen Bailey in addition to senior managing director Barry Brown.
"This portfolio represented a rare opportunity to acquire a critical mass of high-quality industrial assets in a very strong performing market," Herrin said. “This is one of the largest industrial trades in Oklahoma City following the recession and very compelling pricing for the market. We were grateful to be a part of such a notable transaction.”
About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions. Sealy & Company has an exceptional team of over 100 employees, located in eight offices, with corporate offices in Dallas, Texas, and Shreveport, Louisiana, and is the sponsor of Sealy Strategic Equity Partners, L.P. For more information, visit http://www.sealynet.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, an Oklahoma licensed real estate broker.