Sealy Continues Midwestern Buying Spree
Sealy & Co. has purchased NorthPoint One, a Class A, 182,000-square-foot industrial facility in Westfield, Ind., near Indianapolis. The previous owner, Holladay Properties, also developed the facility within the 300-acre NorthPoint Industrial Park, according to CommercialEdge information. Colliers Vice Chairman Alex Cantu worked on behalf of the seller.
The deal came at the heels of another Midwest purchase that closed this week. The company picked up Inland Port IV, a 575,154-square-foot facility part of Logistics Park Kansas City in Edgerton, Kan. The property was fully occupied at the time of sale.
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The property is at 20099 N. East St. just east of U.S. Highway 31, providing direct connectivity to major transportation corridors in the area. The industrial facility is 33 miles from Indianapolis and 37 miles of Indianapolis International Airport.
Completed in 2022, NorthPoint One features 32-foot clear heights, two drive-in doors, 36 dock-high doors, 105 vehicle parking spots and 62 trailer parking spots. Additionally, the property also includes a secured storage yard. The asset is currently fully leased by Tradewinds Global Logistics, the same source shows.
The property is part of NorthPoint Business Park, a more than 300-acre mixed-use park that includes available sites for life science, retail, distribution and advanced manufacturing uses. Within this campus, Holladay Properties also developed NorthPoint Two, a 169,544-square-foot building located right next to NorthPoint One.
A growing industrial portfolio
Sealy & Co. focuses on acquiring, developing and redeveloping industrial/flex, distribution centers and other industrial properties. The firm has more than $3 billion of assets under management totaling over 33 million square feet across 28 markets.
In January, the company purchased a two-building industrial portfolio near Memphis, Tenn. The portfolio is known as Stateline and Crossroads Logistics Package and consists of 589,598 square feet of space.
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