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 101,983 square foot industrial asset located at 9500 Plaza Circle El Paso, TX on behalf of the company’s investment offering, SSEP. The acquisition is yet another successful execution of the fund’s Portfolio By Design strategy.
The single-tenant building, developed in 2000, is one of very few cross-dock facilities in the El Paso Market. The building also offers above average clear height for the market with a large amount of excess trailer parking. The building is ideally located 1.7 miles from the Zaragoza Bridge, the busiest commercial international port of entry between Mexico and the United States. The El Paso industrial market is showing strong fundamentals and the property is located in the largest and most dynamic industrial submarket within El Paso
SSEP’s “Portfolio By Design” strategy which includes blending three key investment elements: quality industrial properties, strategic locations, and creditworthy tenants is fully realized in this asset.
“The Plaza Circle acquisition is a perfect complement to SSEP’s recent acquisitions and growing portfolio,” stated Scott Sealy Jr., Vice President and Business Development for Sealy & Company. “The current market performance combined with high barriers to entry of new development in El Paso appealed to SSEP’s investment strategy and we look forward to future success in this market.”
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. Sealy & Company is the sponsor of SSEP, a private equity offering and diversified limited partnership, primarily comprised of industrial real estate assets.
