ExchangeRight Acquires Distribution Center In Mabelvale From Sealy & Company For $36.1M

ExchangeRight has acquired a distribution center at 8 Industrial Pkwy in Mabelvale, AR, for a total price of $36.1 million. The asset encompasses 303,596 square feet, translating to a price per square foot of $119.

Summary of transaction details:

• Property Type: Distribution Center
• Transaction Amount: $36,100,000
• Location: 8 Industrial Pkwy, Mabelvale, AR
• Square Footage: 303,596
• Price per Square Foot: $119
• Buyer: ExchangeRight
• Seller: Sealy & Company
• Buyer's Representative: Melinda Marston - JRW Realty
• Seller's Representatives: Jerry Hopkins & Leighton Hopkins - Newmark

This transaction involved ExchangeRight acquiring the FedEx Ground–leased distribution center from Sealy & Company, with JRW Realty facilitating the buyer's side and Newmark representing the seller's interests.