Sealy & Co. Acquires Industrial Property In Lakeland For $98M

The industrial property located at 5300 Allen K. Breed Hwy in Lakeland has been sold for a total of $98,000,000. With a total square footage of 841,849, the price per square foot of the property amounts to $116. The seller of the property is Oxford Properties Group. The buyer, Sealy & Co., was represented by John Nida and Jason Gandy. The brokerage firm CBRE facilitated the deal, with Frank Fallon serving as the broker for the transaction.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $98,000,000
• Address: 5300 Allen K. Breed Hwy
• Market: Lakeland

The transaction was completed on August 16, 2022. This sale represents a significant investment in the industrial market within Lakeland. The involvement of Sealy & Co. and Oxford Properties Group, along with their respective representatives, John Nida, Jason Gandy, and Frank Fallon, demonstrates the active nature of the industrial real estate sector in the area.