DALLAS—On the heels of acquiring a 902,715-square-foot industrial portfolio in El Paso and Harlingen last week, Sealy & Co. has disposed of its Texas Industrial Portfolio, which consists of 19 institutional quality assets totaling 1.48 million square feet located in Dallas, Houston and San Antonio.

The portfolio was part of Sealy's joint venture holdings with global real estate investment management firm, AEW Capital Management. AEW owned the portfolio on behalf of AEW Partners VII LP, the seventh in AEW's opportunistic fund series.

The Texas Industrial Portfolio is currently 91 percent leased, and consists of primarily multi-tenant, net-leased industrial facilities.

Sealy did not offer an additional comment about the transaction as of press time but Scott Sealy Jr., vice president of business development for Sealy, said in a release: “The Texas Industrial Portfolio proved to be another great investment to the joint venture between Sealy and AEW. Sealy is pleased with the outcome of the Texas Industrial Portfolio sale and we look forward to continued success in partnership with AEW.”

The JV will continue to focus on assets and portfolios in major industrial markets with a defined investment size between $5 million and $100 million.