Sealy & Co. Acquires 164KSF Business Park in Dallas
- Dec 29, 2016
Dallas—Sealy & Co. announced its acquisition of 121 Corporate Park, a 163,797-square-foot business park located at 601 Canyon Drive in Dallas’ DFW Airport submarket of Coppell, Texas. The property sits on more than 19 acres and features both a value-add opportunity and an additional 4.2 acres of developable land. The four-building business park offers 819 parking spaces and is 65 percent leased to seven well-established tenants that have a strong history of occupancy there.
The property’s immediate proximity to the DFW International Airport and access to major thoroughfares makes it a desirable location for owners and tenants. This expands the DFW footprint for the company’s investment offering Sealy Strategic Equity Partners and provides further diversification for the growing portfolio.
“The acquisition of this investment provides additional accretive opportunities and provides further diversification of the growing portfolio for SSEP,” said Scott Sealy Jr., vice president of business development. “Sealy continues to pursue acquisition opportunities which demonstrate the fundamentals of our Portfolio By Design strategy to acquire quality properties in strategic locations occupied by credit-worthy tenants.”
Image courtesy of Yardi Matrix