Sealy & Co. Expands into Two New Markets, Des Moines and Pittsburgh

Dallas-based industrial real estate specialist Sealy & Company has entered into two back-to-back transactions totaling 369,812 square feet of Class A Industrial property located in two new markets: Pittsburgh, PA, and Des Moines, IA. 

In Des Moines, the Crosswinds II property consists of a 221,520-square-foot distribution center located in fast-growing Ankeny, a northwest suburb. Construction was completed in 2022 a  

Sealy said the building is ideally located with exceptional access to Interstates 80/35, offering coast-to-coast and Canada-to-Mexico interstate transportation. Sourcing CoStar, Sealy said the Des Moines metro area has grown at a brisk pace in recent years, increasing nearly 17% between 2010 and 2020.   

The Imperial Light Industrial Portfolio, located in Pittsburgh, consists of two recently constructed Class A industrial properties totaling 148,172 square feet. The buildings feature flexible and efficient floor plates that can meet a wide array of tenant needs, including office, distribution, and lab capabilities. 

“Our Investment Services Team has been firing on all cylinders this quarter,” said Davis Gibbs, Sealy’s director — investment services. “We are pleased with the deals, both on and off-market, that we have been able to underwrite and pursue so far in 2022. We will continue to pursue our portfolio by design strategy, expand our footprint, and remain one of the most active private buyers of industrial real estate.”