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Chicago & Midwest  + Midwest  + Industrial  |  October 18, 2019
Paul Bubny
By: Paul Bubny

Sealy Adds Overstock.com Warehouse in KC

Sealy & Company acquired a 513,751-square-foot distribution center leased to Overstock.com in Kansas City, KS. The off-market acquisition from BH Partners was made on behalf of Sealy Industrial Partners L.P. for an undisclosed amount.

“We continue to invest in infill properties at a discount to replacement cost, as our investment strategy continues to prove to be rewarding,” said Scott Sealy Jr., the Dallas-based company’s CIO. “Last-mile fulfillment centers like this property are the backbone of modern supply chains and are a favorable asset class.”

Located at 5300 Kansas Ave., the property enables Overstock.com to bring two-day shipping to 99% of its U.S. customers.

“The ability to be so centrally located in the U.S. is ideal for a retailer like Overstock, and we are looking forward to our relationship with the tenant,” Sealy added. He worked with Newmark Grubb Zimmer’s Mark Long to acquire the property.

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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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