Sealy & Company On-Pace to Post Company Record in Quarterly Acquisition Volume Closing On Nearly $206 Million in Q2 To Date
Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, continues to punch industrial real estate acquisitions across key southern and Midwest industrial markets across the United States. Thus far in Q2 2022, Sealy & Company has closed on nearly $206 million of industrial assets totaling nearly 2.4 million square feet across five markets.
"Sealy & Company remains one of the largest industrial real estate buyers among private owners/operators in the United States. We plan to continue executing our proven investment strategy, delivering on our commitments to our partners, tenants, and employees while leaving a lasting impact on the markets we serve," says Scott P. Sealy, Jr., Sealy & Company's Chief Investment Officer.
The latest transactions total 769,871 square feet of industrial warehouse/distribution space in two of St. Louis' premier industrial locations. The high-performance buildings include efficient and modern designs, including flexible configurations, 24'-28' clear heights, ample outdoor storage and trailer parking, and 120'+ truck court depths. In addition to these desirable features that are attractive to a broad segment of the leasing market, the buildings offer tenants demising options, low office finishes, and additional trailer parking. At acquisition, the properties were 100% occupied by seven high-quality regional and national tenants, many of which have been long-term occupiers. The transactions were made for an undisclosed amount. Jason Gandy, Managing Director ? Investment Services, and Davis Gibbs, Director ? Investment Services, led the transaction for Sealy & Company. Mike Hanrahan of Cushman & Wakefield represented the seller.
13145-13185 Lakefront Drive and 211-2231 Hitzert Court, the two latest additions to the portfolio, are located in two of St. Louis' most competitive infill submarkets with some of the MSA's tightest vacancy rates and most significant levels of year-over-year rent growth. The two properties also provide tenants proximity and ease to multiple transportation methods, including direct access to numerous Interstates, airports, rail transportation, and port access.
Other transactions closed so far this quarter include acquisitions in Phoenix, Arizona; Columbus, Ohio; Shreveport, Louisiana; and Oklahoma City, Oklahoma. Sealy & Company's portfolio currently covers 21 markets and totals just over 25.4 million square feet. The Q2 2022 Phoenix transaction expanded Sealy's footprint and marked Sealy's re-entry into the Phoenix market. Sealy & Company also continued its over 75-year tradition of investing in commercial real estate in Shreveport, where the company was founded in 1946. The Q2 2022 acquisition in Shreveport brought local ownership back to over 900,000 square feet of industrial assets in the market. Sealy's history in these markets has produced deep industry relationships and proprietary market knowledge, contributing to ongoing success in identifying assets that meet Sealy's portfolio by design investment strategy.
For more news and information regarding Sealy & Company, please visit the company's website at www.Sealynet.com.
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 warehouses, 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, TX and Shreveport, LA.
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