DALLAS, TX – (October 22, 2024) – Sealy & Company, a leader in the industrial real estate market, proudly announces the acquisition of Strongsville Commerce Center, a 310,080 SF Class A logistics facility located at 21705 Royalton Road, Strongsville, OH 44149. Delivered in Q4 2022, Strongsville Commerce Center’s modern specifications and versatile, expandable configuration make it a top choice for users in the vibrant Southwest Cleveland Industrial submarket.

Strongsville Commerce Center is currently 100% leased to two tenants with long-term in-place tenancy. Featuring the modern characteristics industrial users require, the facility has 32′ clear heights throughout, 130′ truck court depths, 60′ speed bays, ESFR fire protection, rear load functionality, and high-quality finishes. This exceptional facility includes robust auto parking and future trailer parking potential.

“The exceptional access to major transportation infrastructure and deep labor pools in the southwest Cleveland submarket, along with strong institutional ownership and the modern vintage of Strongsville Commerce Center, are in perfect alignment with Sealy’s Portfolio By Design investment strategy,” stated Davis Gibbs, Director – Investment Services for Sealy & Company.

The Property is less than three miles west of I-71, a major north-south interstate connecting downtown Cleveland and Columbus. I-71 provides tenants with accessibility to Cleveland’s major transportation infrastructure, including I-80, which offers access to the entire Cleveland MSA and the Cleveland Hopkins International Airport. Additionally, the Property provides tenants with exposure to a workforce of over 175,000 within a 10-mile radius, a significant portion of which are considered blue-collar workers. Less than two miles east of the Property is downtown Strongsville, an affluent suburb of Cleveland that offers robust amenities for the tenants’ employees. This access to major transportation infrastructure and labor pools has attracted significant investment from various institutional owners.

This deal was executed by Mr. Jason Gandy, Managing Director – Investment Services, and Mr. Davis Gibbs, Director-Investment Services, in a direct transaction with Scannell Properties.