Dallas-Based Real Estate Investment Office Continues to Infiltrate St. Louis Market

DALLAS – (BUSINESS WIRE) – Sealy & Company, a fully integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of a commercial real estate portfolio of five buildings in St. Louis, Missouri, totaling 554,007 square feet. known feet. The transaction was conducted for an unknown amount.

With the acquisition of the St. Louis Distribution Portfolio, Sealy & Company’s holdings in this important market account for nearly 13 percent of the total assets of over 20 million square feet located in the United States. The St. Louis market is the third largest in the company’s total area, only after Sealy’s other major markets, Dallas and Memphis. Sealy & Company has completed acquisitions valued at over $ 89 million in the past 30 days.

Located on the banks of the Mississippi, St. Louis is one of the most important commercial centers in the Midwest. The flourishing industrial market in the St. Louis metropolitan area is an important distribution and logistics center and an interface for port, rail and truck freight. St. Louis’ distribution portfolio is well located in two of the metropolitan area’s strongest submarkets, Mid County and North County, both of which are conveniently located with interstate accessibility and labor pools. Both dynamic sub-markets are located at sought-after infill locations in the immediate vicinity of Lambert International Airport in St. Louis and offer high entry barriers.

“The properties are occupied by a diverse tenant base, many of whom are investing in the further occupancy of their space, and we intend to maintain the institutional property quality of the portfolio. St. Louis is a prime market where we have great success investing in high quality, value added industrial assets, ”said Jason Gandy, Sealy & Company’s managing director of Investment Services.

Sealy & Company purchased the Altus Properties portfolio with local brokerage assistance for the seller of Michael Hanrahan of Cushman & Wakefield. The transaction was led by Sealy’s Investment Services team, led by the aforementioned Jason Gandy and Davis Gibbs, Senior Investment Associates.

For more news and information about Sealy & Company, please visit www.Sealynet.com.

About Sealy & Company

Sealy & Company, a fully integrated commercial real estate investment and operating company, is a recognized leader in the acquisition, development and redevelopment of regional distribution warehouses, industrial / flex and other commercial real estate. Sealy offers a full-service platform for high net worth individuals and institutional investors through our development, management and broker departments. Sealy & Company has an exceptional team of over 100 people in eight offices with corporate offices in Dallas, TX and Shreveport, LA.