press-release
Sealy Sells $2.3 Million Baton Rouge Warehouse
Baton Rouge
July 8, 2009
The New Orleans office of Sealy & Company announced today that Sealy BRNO Properties, LLC sold the 42,378 square foot Baton Rouge 2 building on Industriplex Boulevard as part of a disposition of properties in Louisiana. The buyer was Rathborne Properties, LLC.
The light industrial warehouse was developed in 1999 by Sealy. It was decided to dispose of the property when its year loan matured after 10 years of great cash flows and appreciation.
Daniel Poulin, Senior Regional Director of Sealy & Company brokered the sale representing the seller.
Sealy BRNO Properties, LLC is a private equity based in Shreveport, Louisiana focused on the acquisition of stabilized industrial real estate for long term investment.
Harvey, Louisiana based, Rathborne Properties is a real estate development and investment company that owns over 70 commercial and industrial properties across the Gulf South
Sealy & Company is a fully integrated, self–advised real estate company that owns, manages, acquires and develops industrial properties across the Gulf South. Sealy & Company’s regional offices service a diverse base of more than 800 tenants and operate over 116 industrial properties comprising approximately 12 million square feet. The Company’s corporate strategy is to create long–term appreciation in its portfolio, primarily through superior customer service, strategic and opportunity driven acquisitions and low risk developments. Sealy & Company has total portfolio valued at over $600 million.
For more information, please contact Daniel P. Poulin, Senior Regional Director, Sealy & Company, at (504) 463-5600 or at danp@sealynet.com.
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