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Sealy & Co. Snaps Up Kansas City Asset

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Ares Management sold the fully occupied property. The post Sealy & Co. Snaps Up Kansas City Asset appeared first on Commercial Property Executive.

Exterior shot of 18905 Kill Creek Road, an industrial building in the Kansas City, Mo. metro area. — The property features 32-foot clear heights, 111 dock doors and ample parking. *Image courtesy of CommercialEdge*

Sealy & Co. has purchased Inland Port IV, a 575,154-square-foot industrial building within Logistics Park Kansas City, a master-planned campus in Edgerton, Kan. Newmark arranged the transaction.

Ares Management previously owned the Class A property, CommercialEdge shows. The firm had acquired it in 2017, as part of a 10-building portfolio deal totaling 6.4 million square feet.

Last week, Ares sold four other buildings, totaling 2.5 million square feet, at Logistics Park Kansas City. A joint venture between Arch Street Capital Advisors and Artemis Real Estate Partners acquired the facilities dubbed Inland Port II, V, XII and XIV.

Inland Port IV occupies nearly 30 acres at 18905 Kill Creek Road, close to a BNSF intermodal facility. With access to interstates 35, 435 and 49, the location provides easy access across the Kansas City, Mo., metro area.

The property is within the 2,352-acre Logistics Park Kansas City, one of the top logistics parks in the country, that includes a mix of domestic and international intermodal services, as well as direct rail and carload capabilities.

Completed in 2014, the building features 32-foot clear heights, 111 dock doors, ESFR sprinkler systems, ample column spacing and 164 vehicle parking spots. The asset also includes 50 trailer parking spots, expandable to 140. The facility is fully occupied by Smart Warehousing, according to CommercialEdge.

Newmark President & CEO Mark Long and Principal & Executive Managing Director John Hassler brokered the deal. In addition, Sealy & Co.’s Managing Director Jason Gandy and Director Davis Gibbs with the company’s Investment Services team managed the process.

Midwestern assets attract tenants, investors

As of January, the vacancy rate in Kansas City metro clocked in at 3.2 percent, significantly lower than the national average of 8 percent, a recent CommercialEdge report shows. Other Midwestern markets also posted lower rates, such as St. Louis (7.1 percent) and Cincinnati (6 percent).

Noteworthy industrial deals in the Midwestern area that closed since the start of 2025 include Investcorp’s $335 million purchase of two portfolios in Minneapolis and Baltimore totaling 2.7 million square feet. The 17 Minneapolis assets comprised nearly 1.9 million square feet.

The post Sealy & Co. Snaps Up Kansas City Asset appeared first on Commercial Property Executive.