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 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, Jr.
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).
