Sealy & Co. has acquired a 1.11 million-square-foot, cross-docked distribution warehouse in the St. Louis market. The transaction was made for an undisclosed amount and brings the company’s acquisition volume for 2020 to more than $400 million.
Located at 3951 Lakeview Corporate Drive in the Metro East submarket, this class A facility lies within a 48-hour reach by truck to 70 percent of the U.S. population and is only 500 miles from 33 percent of the U.S. population, thus allowing logistics companies to easily reach key destinations. The business park in which the property is positioned, Lakeview Commerce Center, is located adjacent to the I-255/I-270 interchange and benefits from close proximity to the Lambert-St. Louis International Airport, which provides uncongested interstate and air travel. In fact, in the midst of the ongoing COVID-19 crisis, St. Louis’ industrial sector has and is expected to continue to be the highest-performing property type in the market.
