Sealy & Co. Buys Industrial Portfolio in Indianapolis
- Mar 31, 2017
Indianapolis—Sealy & Co. has acquired a seven-building, Class A industrial portfolio located in the Park 100 industrial campus in Indianapolis. The acquisition was made by Sealy & Co. on behalf of Sealy Strategic Equity Partners (SSEP).
The 1.1 million-square-foot assets are commonly known as the North by Northwest Business Park and are 92 percent leased to 25 different companies. The portfolio comprises seven buildings ranging from 59,000 to 323,000 square feet. Six of the buildings are multi-tenant properties and the campus offers convenient access to Interstates 465 and 65.
“North by Northwest is an infill industrial portfolio with excellent tenancy, strong in-place income streams and value-add potential in one of SSEP’s target markets. All attributes that enhance Sealy’s Portfolio by Design strategy,” said Scott Sealy Jr., vice president of business development, in prepared remarks. “The functional buildings are well-positioned in the market due to their modern designs, varied sizes, above-standard features, proximity to interstate freeways, and access to a skilled distribution workforce.”
Image courtesy of Sealy & Co.