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DFW: 1.48M-SF industrial portfolio nabbed by Sealy & Co. DFW: 1.48M-SF industrial portfolio nabbed by Sealy & Co. https://www.recenter.tamu.edu/news/newstalk-texas/?Item=144252016-09-05T05:00:00Z2016-09-08T17:00:00Z

​​​​DALLAS-FORT WORTH - An 18-building portfolio consisting of 1.48 million sf of functional industrial space located in four prime industrial submarkets has been acquired by Sealy & Co.

According to Colliers 2Q 2016 report, the Dallas industrial market continues to ride a rising tide of increasing rents and strong demand in second quarter 2016, propelling the area to the highest levels of construction in the nation.

So far in 2016, over 2.9 million sf of spec “big box” warehouses have been delivered, and these properties are 55 percent leased.

Sealy & Co. states the properties it acquired are located in prime infill locations with significant barriers to entry for new competitive product due to land constraints and rising land values, which represented an excellent opportunity for the company to acquire a critical mass of institutional quality property with significant leasing upside in a tier one industrial market.
Commercial Property Executive
Dallas-Fort Worth-Arlington
Industrial
https://www.cpexecutive.com/post/sealy-co-nabs-1-5-msf-industrial-portfolio-in-dallas/

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