DALLAS–(BUSINESS WIRE)–Mar 14, 2019–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 128,877 square foot industrial production and warehouse facility in Dallas, TX in the South Stemmons Submarket. The transaction was made on behalf of Sealy Industrial Partners, L.P. (SIP) for an undisclosed amount.
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Luxottica, the largest eyewear company in the world, occupies 2465 Joe Field Road recently purchased by Sealy & Company. (Photo: Business Wire)
Located at 2465 Joe Field Road in the Walnut Hill Business Park within the fourth largest metro area in the nation, this industrial property is fully leased to Luxottica, the largest eyewear company in the world. Luxottica manufactures and distributes Ray-Ban, Oakley, and many other licensed and retail brands, and the property’s premier infill location near the intersection of I-35 and I-635 is ideal for the company’s national distribution. The building features over 61,000 square feet of warehouse space, nearly 50,000 square feet of production space, and 19,000+ square feet of office space.
“The functionality of this property is unique, and the centralized location offers the tenant access to a skilled workforce to execute their business model. We’re excited to begin a relationship with such a credible and tenured tenant in a market in which we’ve experienced immense growth and aligns well with our portfolio’s strategy,” says Sealy & Company’s Chief Investment Officer, Scott Sealy, Jr.
Sealy’s acquisitions team, led by Jason Gandy and Scott Sealy Jr., worked closely with Tom Pearson of Colliers International to acquire the property.
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 eight offices, with corporate offices in Dallas, TX and Shreveport, LA. and is the sponsor of Sealy Industrial Partners, L.P. (SIP).
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CONTACT: Kayte H. Hollowell
Director – Marketing| Sealy & Company
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY
SOURCE: Sealy & Company
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PUB: 03/14/2019 06:00 AM/DISC: 03/14/2019 06:00 AM