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Sealy Acquires Indianapolis-Area Warehouse
Sealy & Company acquired a 133,160-square-foot Class A distribution center in Carmel, IN, within the Indianapolis market. The Dallas-based industrial owner purchased the property from IBC Real Estate Investments for an undisclosed amount.
Built in 2018, the Class A building features a low office finish, wide column spacing with a speed bay, and convenient load configurations, ideal for quick movement and distribution of goods.
“Despite disruptions from the ongoing COVID-19 pandemic, vacancy rates in the Indianapolis MSA have remained steady over the past 12 months,” said Sealy’s managing director of investment services. “This superior asset and its long-term, credit-worthy tenants are a testament to the strength of the logistics hub.”
The deal was led by Gandy with the assistance of Davis Gibbs on his investment services team. The duo and their supporting team members worked closely with Alex Cantu of Colliers International to purchase the asset.
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- ◦Sale/Acquisition
