Sealy & Co., a fully integrated commercial real estate investment and operating company in the industrial real estate market, has announced two back-to-back transactions totaling 369,812 square feet of class A Industrial property located in two new markets of Pittsburgh and Des Moines, Iowa. The transactions were made for an undisclosed amount.
The Imperial Light Industrial Portfolio, located in Pittsburgh, consists of two recently constructed Class A industrial properties totaling 148,172 square feet. The buildings feature flexible and efficient floor plates that can meet a wide array of tenant needs, including office, distribution and lab capabilities, and were designed with LED lighting, ESFR sprinkler systems, one loading door per 8,232 square foot, in addition to significant tenant fit-outs. The portfolio can accommodate a range of tenant requirements starting at 6,240 square feet, a unique offering within the industrial market, making these highly functional indus