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 a three building, Class A distribution portfolio totaling 926,287 sf located in the Earth City submarket of St. Louis. This acquisition was made by Sealy & Company’s on behalf of Sealy Strategic Equity Partners (SSEP) and expands the footprint in addition to providing further diversification for the growing portfolio.
All three buildings are in a master planned business park located in the Earth City submarket offering convenient access to I-70 and I-270. This infill location is attractive to distribution companies servicing the local St. Louis market, as well as the surrounding region. The portfolio consists of three buildings which are 94.6% leased to a diverse tenant base currently comprised of eight tenants, including public companies with well-known tenants, occupying 20,000 sf to 500,000 sf spaces.
“Sealy is pleased to see SSEP adding high quality assets in St. Louis setting the stage for future growth,” stated Scott Sealy, Jr., Vice President and Business Development. “As the SSEP portfolio continues to expand, Sealy will target acquisitions offering geographical diversification and functional assets meeting our Portfolio By Design Strategy.”
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 Strategic Equity Partners, L.P. (SSEP).