Five Industrial Real Estate Acquisitions in Six Weeks for
Dallas, TX, May 28, 2021 (GLOBE NEWSWIRE) – Sealy & Company, a fully integrated commercial real estate investment and operations company and recognized leader in the industrial real estate market, announces the acquisition of two distribution warehouses totaling 243,902 square feet in Indianapolis , Indiana. The transaction was made for an undisclosed amount.
Sealy & Company’s announcement to acquire the Emerson Industrial Park buildings comes weeks after successful and active execution of closed-end investments in Detroit, Kansas City, St. Louis and El Paso. With new business in sight for the company, the Investment Services team shows no signs of slowing down.
“Our acquisition strategy, our people and our relationships in these key markets help us act like a well-oiled investment machine,” said Scott Sealy, Jr., chief investment officer of Sealy & Company.
Mr. Sealy continues: “After 60 years of focusing specifically on the industrial sector, the know-how and market understanding our team has acquired is incredible. The talent of our investment analysts and asset managers is unparalleled and we are confident in our careful investment analysis. The speed at which we grow and acquire more real estate continues to deepen our reputation as one of the most active industrial real estate investment firms in the nation. “
The company’s latest acquisition is in a market it is familiar with and which has already owned significant Indianapolis real estate. Most recently, in October last year, the company acquired a multi-tenant Class A distribution warehouse with an area of more than 130,000 square meters in the highly competitive Carmel submarket in Indianapolis.
The newest property acquired consists of two buildings with highly functional features suitable for tenants in the area, including a suitable dock area, ample parking for cars and high curb appeal. With an average building size of nearly 122,000 square feet and an average room size of around 11,600 square feet, the industrial buildings offer a diverse tenant base due to their real estate features, access to labor, and excellent location.
Infill facility tenants are located just off Interstate-465 and can easily conduct sales across the Indianapolis market and surrounding destinations. The property also benefits from immediate access to the I-465 / I-65 interchange and I-74. Sealy & Company’s ownership and management of the property will continue to support tenants, many of whom have long histories in the buildings.
Sealy & Company acquired the property from Dominion Realty with the assistance of Sealy’s Investment Services team, led by Jason Gandy and Davis Gibbs, and sold CBRE realtor Zach Graham.
For more news and information about 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 the acquisition, development and remediation 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 areas of development, management and brokerage. Sealy & Company has an exceptional team of over 100 people in five offices with corporate offices in Dallas, TX and Shreveport, LA.