Sealy & Co. Acquires St. Louis Distribution Portfolio
The three building portfolio totals 926,287 square feet.
By IvyLee Rosario
Scott Sealy Jr., vice president of business development, Sealy & Co.
St. Louis—Sealy & Co. acquired a three building, Class A distribution portfolio in the Earth City submarket of St. Louis. The purchase was made on behalf of Sealy Strategic Equity Partners to expand its footprint and provide further diversification for the growing portfolio.
The three buildings, totaling 926,287 square feet, are situated in a master-planned business park in Earth City with convenient access to interstates 70 and 270. The buildings are 94.6 percent leased to eight tenants, which occupy 20,000 to 500,000-square-foot spaces.
“Sealy is pleased to see SSEP adding high quality assets in St. Louis, setting the stage for future growth,” Scott Sealy, Jr., vice president of business development for Sealy & Co., said in a prepared statement “As the SSEP portfolio continues to expand, Sealy will target acquisitions offering geographical diversification and functional assets meeting our Portfolio By Design Strategy.”
Image courtesy of Sealy & Co.
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