DALLAS, TX – (January 25, 2024) –Sealy & Company, a leader in the industrial real estate market, has successfully acquired the Great 290 Distribution Center, located at 2120 Field Store Road, Waller, TX 77484. This strategic acquisition further strengthens Sealy & Company’s presence in the dynamic Houston market.

The Great 290 Distribution Center, a state-of-the-art facility constructed in 2023, is a testament to Sealy’s commitment to investing in high-quality industrial assets. The property totals 500,840 square feet of Class-A warehouse and distribution space. The cross-dock configured facility boasts modern specifications, including 36’ clear heights, 106 dock-high doors, four drive-in doors, and 185’ truck court, ensuring optimal functionality for distribution use​.

Great 290 Distribution Center is 100% leased to a prestigious, high-profile tenant, just 3 miles from their 4 million SF manufacturing plant. The lease provides stable and predictable cash flow. Furthermore, the site includes an additional 9.87 acres of developable land, offering potential for building expansion, trailer parking, car parking, or outside storage.

Strategically situated in the Northwest submarket of Houston, directly off I-290, the Great 290 Distribution Center is in a key location that has recently emerged as a new frontier for large distribution warehouses. This area, known for its significant rooftop growth and affordable land, offers excellent connectivity to Houston’s major highways, including I-10, I-45, and I-290. The property’s location, combined with Houston’s status as an industrial powerhouse and the fifth-largest metropolitan area in the U.S., makes it a desirable asset.

“We are excited about this addition to our portfolio and the value it brings to our stakeholders. The Great 290 Distribution Center acquisition aligns with our strategic investment objectives. This property not only meets our criteria of desirable location, high-quality assets, and credit-worthy tenants but also offers growth potential in one of the country’s most dynamic industrial markets,” says Jason Gandy, Managing Director of Investment Services at Sealy & Company.

Mr. Gandy Director – Investment Services, led the transaction for Sealy & Company. Trent Agnew and Charles Strauss of JLL represented the seller, Pagewood.