Texas + Industrial | June 8, 2020

Fullerton Warehouse Fetches $156M in Record OC Sale

Sealy Adds 1.8M-SF Warehouse Portfolio in Three Regions

Dallas-based Sealy & Company recently completed three separate distribution warehouse transactions totaling $108 million of volume in one week. The off-market transactions add a nearly fully occupied portfolio of 34 warehouse buildings totaling 1.78 million square feet in Kansas City, MO, Oklahoma City and Memphis, to Sealy’s portfolio.

The Kansas City transaction includes five buildings in Executive Park, one of the largest master-planned industrial parks in the Midwest. It also includes a quartet of properties in the East Bottoms submarket.

Sealy also closed on a 20-building portfolio of distribution warehouses in Memphis’ most sought-after Southeast submarket, consisting of single-tenant buildings averaging 50,500 square feet. The last acquisition was for five fully-occupied Class A distribution warehouse facilities in Oklahoma City’s premier airport submarket.

“Sealy continues to seek out and opportunistically purchase properties that align with our investment strategy and expand our market presence,” said Sealy’s Jason Gandy.

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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 13-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 15-20 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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