FOREST PARK, GA—Dallas-based Sealy & Co.reports it has completed the acquisition of an industrial parktotaling about 242,000 square feet here. The purchase was madethrough its joint venture with global real estate investmentmanagement firm, AEW Capital Management.
AEW owned the property on behalf of AEW Partners VII,L.P., the seventh in the firm's opportunistic fund series,company officials state. No financial terms of the transaction weredisclosed.
The investment is located in the Airport/N. Clayton industrialmarket—the largest submarket in Atlanta. The region has a currentoverall vacancy rate of 11.2% and has achieved seven straightquarters of positive absorption, Sealy & Co. states in itsannouncement.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
