Blackstone sells 1.2msf industrial warehouse portfolio

Sealy & Co. has acquired eight fully leased industrial warehouse and distribution buildings totaling 1.2 million square feet in Greenville, S.C.

All of the eight properties are well located within the Greenville-Spartanburg Industrial market along the Interstate 85 corridor. Sealy purchased the portfolio from Blackstone for an undisclosed amount.

Located in the largest industrial submarket in Upstate South Carolina, the portfolio offers excellent accessibility to the nearby BMW Manufacturing Plant, the Greenville International Airport and the Inland Port, which offers overnight freight shipping from the Port of Charleston. With low office finishes and unique functional characteristics compared to the submarket’s standard offerings, the portfolio is fully leased to a strong roster of national and international organizations. Strong demographic trends have attracted and maintained these major tenants as Greenville-Spartanburg’s population growth continues, makin