DALLAS--(BUSINESS WIRE)--Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, is announcing the acquisition of 1.48 million square feet of functional industrial buildings located in 4 prime industrial sub markets in Dallas, TX. The industrial portfolio is comprised of 18 buildings occupied by a diverse tenant base. The assets are acquired as part of the Sealy Strategic Equity Partners, L.P. (SSEP) portfolio.
The industrial portfolio represents an excellent opportunity to acquire a critical mass of institutional quality property with significant leasing upside in a Tier 1 industrial market. The properties are located in prime infill locations with significant barriers to entry for new competitive product due to land constraints and rising land values. The portfolio is being acquired at a significant discount to replacement cost and has strong historical occupancy.
“The industrial portfolio acquisition is a fitting addition to the current SSEP portfolio, providing functional properties and further tenant diversification,” stated Scott Sealy Jr., Vice President and Business Development for Sealy & Company. “Sealy will continue to create value by executing a tailored investment strategy, rolling below market rents to market, and will hold or sell the properties opportunistically.”
For more news and information regarding the Sealy & Company or Sealy Strategic Equity Partners, 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 SSEP, a private equity offering and diversified limited partnership, primarily comprised of industrial real estate assets.