June 8, 2020
Dallas-based Sealy & Company recently completed three separate distribution warehouse transactions totaling $108 million of volume in one week. The off-market transactions add a nearly fully occupied portfolio of 34 warehouse buildings totaling 1.78 million square feet in Kansas City, MO, Oklahoma City and Memphis, to Sealy’s portfolio.
The Kansas City transaction includes five buildings in Executive Park, one of the largest master-planned industrial parks in the Midwest. It also includes a quartet of properties in the East Bottoms submarket.
Sealy also closed on a 20-building portfolio of distribution warehouses in Memphis’ most sought-after Southeast submarket, consisting of single-tenant buildings averaging 50,500 square feet. The last acquisition was for five fully-occupied Class A distribution warehouse facilities in Oklahoma City’s premier airport submarket.
“Sealy continues to seek out and opportunistically purchase properties that align with our investment strategy and expand our market presence,” said Sealy’s Jason Gandy.
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