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Chicago & Midwest  + Midwest  + Industrial  |  July 13, 2018
Paul Bubny
By: Paul Bubny

Sealy Widens Columbus Warehouse Footprint with Value-Add Buy

Dallas-based Sealy & Company has expanded its footprint in the Rickenbacker submarket of Columbus, OH with the acquisition of Centerpoint #6, a 478,190-square-foot Class A bulk warehouse in the Centerpoint Business Park. Deal terms were not disclosed; the deal was made on behalf of Sealy Strategic Equity Partners (SSEP).

“This off-market acquisition was ideal for SSEP,” said Sealy CIO Scott Sealy Jr. “The ability to expand our portfolio with a quality property in an industrial market and location as strong as Rickenbacker is a great opportunity, and we appreciate the diligence of all involved in its execution.”

For Sealy, Columbus’ healthy industrial market fundamentals, combined with the value-add nature of the investment, solidified the decision to expand in Rickenbacker. Centerpoint #6 currently is 53% occupied by Le Tote. Other tenants at the four-million-square-foot master-planned business park include Pier One, Nautilus and Avnet.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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