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DALLAS—Sealy & Co., has acquired a 19-building, 1.6 millionsquare foot light industrial portfolio in here for an undisclosedamount. The acquisition, which is the largest in company historyand rounds out Sealy's investment activity for the year, comes justa week after the company's $908 million dollar milestone disposition, whichrepresented 16.3 million square feet of industrial property.
Comprised of 19 buildings, the portfolio is 97% leased to adiversified tenant base that benefits from its central location inthe ever-expanding Dallas/Fort Worth metroplex, with the propertieslocated on average only 1.4 miles from major transportationroads.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
