Sealy & Company has acquired three separate distribution warehouse transactions totaling $108 million of volume.
The off-market transactions add to Sealy’s portfolio a nearly fully occupied portfolio of 34 warehouse buildings in Kansas City, Mo.; Memphis; and Oklahoma City.
“In a time when many have been forced to the sidelines, we are pleased to continue to capture compelling deals in enduring distribution hubs,” said Michael Sealy, executive vice president of capital markets for Sealy & Co. “Each investment was evaluated as part of Sealy’s Portfolio by Design strategy and reviewed for the reliability and stability of future income, the potential for capital appreciation and the impact of each acquisition as it relates to the portfolio as a whole.”
The Kansas City transaction includes five buildings in Executive Park, one of the largest master-planned industrial parks in the Midwest. The second park included in the transaction is located in
