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 the newly constructed Class A industrial asset Altus Commerce Center totaling 265,700 square feet located in the Des Moines market. In a show of unwavering commitment to supporting our nation's heroes and their families, Sealy & Company, in honor of its new partners, VanTrust, will make a significant contribution to the Marine Corps Scholarship Foundation commemorating the transaction.
The Altus Commerce Center is a fully occupied, institutional quality warehouse/distribution facility. The asset boasts Class A features, including 32’ clear heights, a 135’ truck court, an ESFR fire suppression system, LED lighting, a TPO roof, and ample employee parking. The rear load facility has twenty-six (26) dock-high doors and two (2) drive-in doors, offering optimal functionality for tenants.
The property is well located in the Des Moines market with immediate access to I-80 and I-35, as well as Highways 65 and 6. Des Moines has a strong history of public-private collaborations. The region is a globally connected community and one of the nation’s hotspots for new businesses, startups, and millennials. It has been ranked among the best places to live in the United States. Per capita, the fastest growing metro in the Midwest in jobs, population, GDP, and headquarters for Fortune 500 companies & industries, including financial services, data centers, agbioscience, logistics, and advanced manufacturing.
In addition to adding to the company’s expanding portfolio, Sealy & Company, in collaboration with VanTrust, is showcasing the two entities' core values of corporate responsibility by supporting the Marine Corps Scholarship Foundation. The Marine Corps Scholarship Foundation is an organization dedicated to providing educational opportunities for the children of United States Marines. The contribution will go towards funding scholarships that empower deserving students to pursue higher education and achieve their dreams.
"We are pleased to add the Altus Commerce Center to our growing portfolio and to close on a transaction with a quality partner like VanTrust," says Scott P. Sealy Jr, Chief Investment Officer of Sealy & Company. "We recognize the sacrifice made by our brave men and women in uniform and their families, and we believe in supporting their pursuit of educational aspirations. Our contribution to the Marine Corps Scholarship Foundation is a testament to the shared values of Sealy and VanTrust and our commitment to giving back to the communities we serve."
Jason Gandy, Managing Director – Investment Services, and Davis Gibbs, Director – Investment Services, led the transaction for Sealy & Company. Newmark, led by Mark Long & John Hassler, brokered the sale for VanTrust.
For more news and information regarding Sealy & Company, please visit the Company's website at www.Sealynet.com.
Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment and operating firm, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouses, 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, with corporate offices in Dallas, TX and Shreveport, LA.