Sealy & Company has acquired I-70 Logistics Center East, a 437,589-square-foot industrial logistics facility at 1225 Southgate Pkwy. in metro Columbus, OH that is 100% leased to an e-commerce omnichannel logistics services company. The off-market transaction was made for an undisclosed amount.
“2021 was a banner year for both the Columbus industrial market and Sealy & Company,” said Jason Gandy, Sealy & Company’s managing director— investment services. “Over the past five years, Sealy has purchased over 1.7 million square feet of industrial assets in the Columbus MSA. As one of the most active buyers of industrial real estate in the U.S., we hope to continue to uncover assets and opportunities in Columbus and other target markets which meet our investment criteria.”
Gandy and Davis Gibbs, director –investment services, led the transaction for Sealy. Adam Tyler of Cushman & Wakefield represented the undisclosed seller.
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).