ATLANTA-Commercial real estate investment firm Sealy & Company purchased the mortgage note for the Braselton 85 Distribution Center for an undisclosed sum. The LEED Certified Silver warehouse facility spans 439,338 square feet in the Braselton submarket.

Tom Senkbeil, Bob Cutlip and Klay W. Simpson—all of whom joined Sealy in August to expand the firm’s Southeast and Mid-Atlantic region acquisition, disposition and development practices—sourced the Braselton 85 Distribution Center deal. The rear-load distribution center was developed in 2008.

“This timing of this building’s market entry was unfortunate,” Senkbeil, managing director at Sealy, tells GlobeSt.com. “There were too many buildings built at once, which resulted in minimal leasing and a substantial drop in rates. The developer just couldn’t lease it at a competitive rate. But this is a good building in a great location.”