July 13, 2018 Comments Off on Sealy Widens Columbus Warehouse Footprint with Value-Add Buy Views: 532 Chicago News, Midwest News

Sealy Widens Columbus Warehouse Footprint with Value-Add Buy

Dallas-based Sealy & Company has expanded its footprint in the Rickenbacker submarket of Columbus, OH with the acquisition of Centerpoint #6, a 478,190-square-foot Class A bulk warehouse in the Centerpoint Business Park. Deal terms were not disclosed; the deal was made on behalf of Sealy Strategic Equity Partners (SSEP).

“This off-market acquisition was ideal for SSEP,” said Sealy CIO Scott Sealy Jr. “The ability to expand our portfolio with a quality property in an industrial market and location as strong as Rickenbacker is a great opportunity, and we appreciate the diligence of all involved in its execution.”

For Sealy, Columbus’ healthy industrial market fundamentals, combined with the value-add nature of the investment, solidified the decision to expand in Rickenbacker. Centerpoint #6 currently is 53% occupied by Le Tote. Other tenants at the four-million-square-foot master-planned business park include Pier One, Nautilus and Avnet.

Read more at BusinessWire

Connect With Sealy

Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.