Acquisition of Kansas City’s Perimeter Park Commerce Center Asset Marks Early Success for Sealy & Company
January 18, 2021
The Johnson Country submarket is known for its high-quality concentration of newer industrial inventory along the I-35 corridor and its close proximity to the new BNSF intermodal railway. Because of its central location and easy access to all major modes of transportation, the Kansas City region is a top tier logistics hub. As the crossroads of North America, Kansas City offers a strong advantage as 85 percent of the U.S. population can be reached from the epicenter within two days or less.
Sealy & Company purchased the property at its current 100 percent occupancy from Jones Development and will continue to maintain its institutional quality ownership during its strategic hold period. The transaction was facilitated by Sealy's Investment Services team and brokers Ed Elder and John Stafford of Colliers International.
'We're starting the year strong with the acquisition of this quality asset. As we grow and continue to diversify our expanding portfolios, we are diligently sourcing new deals and that match our quality standards,' says Sealy & Company's Chief Investment Officer, Scott Sealy, Jr.
Dallas, TX, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of a Class A distribution warehouse totaling 99,704 SF in Kansas City, Missouri. The transaction was made for an undisclosed amount.
Built in 2019, this newly constructed asset is the final to be developed in the Perimeter Park Commerce Complex, marking a unique opportunity for the company to acquire a property with significant barriers to entry and limited competition. With virtually no comparable Class A competition in the most desirable industrial submarket in Kansas City, Johnson County, this property features modern design specs and ideally demised suites.