DALLAS–(BUSINESS WIRE)–#Acquisitions–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 198,337 square foot
distribution warehouse in St. Louis, Missouri. The off-market
transaction was made on behalf of Sealy Industrial Partners, L.P. (SIP)
for an undisclosed amount.
The property, which is fully leased to Home Delivery Incontinent
Supplies Co., is located in the Central County submarket of St. Louis
and benefits from a skilled local workforce and the lowest vacancy rate
in the St. Louis MSA. Offering superior national connectivity via I-70,
I-55, I-44, I-64, and I-270, St. Louis is a prominent distribution hub
for businesses. The property serves as HDIS’ headquarters, call center,
and distribution facility with its functional mix of warehouse and
office space. It is configured for both front and side-load capabilities
and features a uniquely high parking capacity.
“One of the main attributes that attracted our team to this property was
the location. The opportunities offered by its central location and
inclusion in an Opportunity Zone are important to the tenant and give us
confidence that this property will continue to create substantial value
for us,” says Sealy & Company’s Chief Investment Officer, Scott Sealy,
Sealy’s acquisitions team, led by Jason Gandy and Scott Sealy Jr.,
worked closely with Colliers International to acquire the property.
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 warehouse, 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. and is the sponsor
of Sealy Industrial Partners, L.P. (SIP).
Kayte H. Hollowell
Director – Marketing | Sealy & Company
| [email protected]