Sealy & Co. Acquires 1.2 MSF Industrial Portfolio
ByIn its latest of a string of purchases, Sealy & Co., of Dallas and Shreveport, La., has acquired a privately traded REIT and its assets, which included a 17-building, 1.2 million-square-foot portfolio of warehouse/distribution buildings in the Southwest submarket of Oklahoma City, Sealy announced.
No dollar amount was disclosed in connection with the transaction, which was made on behalf of Sealy Strategic Equity Partners. The seller also was not disclosed.
The buildings are spread across two industrial parks, Metropolitan Business Park and Oklahoma City Industrial, and cover a total of about 67 acres, a Sealy spokesperson told Commercial Property Executive. The buildings were completed between 1971 and 1989, and their average age is 34 years…
