Sealy & Co. has acquired a 305,400-square-foot industrial real estate portfolio located in Savannah, Ga. The portfolio, which consists of warehouse/distribution properties, was acquired for an undisclosed amount.
Located within one of the tightest submarkets in the United States, with vacancy rates below 2 percent, the newly acquired assets are fitting additions to Sealy’s growing portfolio. Infill distribution centers, such as the Savannah portfolio, which align well with the company’s investment criteria, are highly sought after due to market fundamentals, location, and ease of access to critical distribution infrastructure.
The Savannah market has a long and rich history as a center of commerce and trade in the region, propelled by the Port of Savannah, one of the country’s fastest-growing import and export terminals. As such, the proximity of Sealy’s newly acquired assets to the Port proves to be a positive effect for tenant operations and a key feature