Sealy & Company has completed the disposition of two fully leased industrial buildings, showcasing the strength of our proven investment strategies and exceptional portfolio management skills. These transactions underscore our dedication to long-term investment strategies and meticulous asset management, further cementing our commitment to delivering outstanding value and effectiveness of our enterprise financing structure.
Lexington, KY: Strategic Capital Improvements and Lease Renewal Lead to Successful Sale
The 380,000 square foot industrial building in Lexington, Kentucky, was initially acquired by Sealy & Company in July 2018 and underwent approximately $1.9 million in capital improvements over Sealy’s hold period. 172 Trade St. has been fully leased to an e-commerce giant since 2004. The location serves as an essential part of the company’s wider fulfillment network, being responsible for handling customer returns and supporting operations in various areas such as merchandising, make-on-demand, and general fulfillment. The disposition of 172 Trade Street marks the strategic harvesting of a fully stabilized asset and the successful execution of the investment strategy for this asset.
“Our ability to secure an early lease renewal underscores the effectiveness of our capital improvement initiatives and our strategic approach to tenant relations and asset management,” said William Shagets, Regional Director for Sealy & Company. “The successful accomplishment of our underwritten investment thesis demonstrates our commitment to delivering value and maximizing returns.”
Houston, TX: Successful Joint Venture and Full Business Cycle Completion
Sealy & Company, through a joint venture partnership with Industrial & Development Ventures, LLC (IDV), has completed the full business cycle (build, lease, and sell) of Park 225. Park 225 is a 265,000 square foot state-of-the-art Class-A industrial asset developed in the southeast Houston submarket. This project began in November 2021 and was fully leased by May 2023 to prominent tenants Renogy and WRIST.
“The successful lease-up and sale of Park 225 highlights the strength of our joint venture partnerships and our ability to execute our development strategies,” stated Derrick Jones, Regional Director for Sealy & Company. “This transaction reflects our ability to execute our strategic vision and demonstrate our ability to capitalize on market opportunities.”
Reflecting on Strategic Asset Management and Future Opportunities
Sealy & Company is pleased with the results of our strategic asset management and capital deployment approach, which have proven effective in the two most recent dispositions. The company’s unwavering focus remains on optimizing our portfolio and delivering value through a forward-thinking and deliberate approach. These strategic dispositions are well-aligned with the company’s vision and goals, underlining our commitment to making purposeful decisions driven by opportunity and discernment.
“We are grateful to our partners, tenants, and team for their continued trust and collaboration,” said Mark Sealy, President of Sealy & Company. “These successful transactions are a testament to the strength of our relationships and the effectiveness of our fully integrated platform, built on proven deal sense, market knowledge, and a clearly defined strategy. We look forward to our next strategic ventures and continuing to deliver exceptional value.”
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment, and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions.Sealy & Company has an exceptional team of over 100 employees, located in five offices, with corporate offices in Dallas, TX and Shreveport, LA.