Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces its acquisition of the six-building, 401,223 square foot Northeast Business Center. This off-market transaction increases Sealy’s steadily growing market share as its third major acquisition in Indianapolis.
With excellent access to all of Indianapolis by way of I-69 and I-465, the light industrial business park offers a diversified tenant list easy access to many amenities both locally and nationally. In addition to its ideal central location in the Northeast submarket, the park benefits from Indianapolis’s economic development tools by way of unique tax abatement and inventory tax credits, further incentivizing tenancy for a variety of users.
The seller, Citimark, represented by Colliers International, developed the Northeast Business Center nearly 40 years ago and managed the asset for much of this time. Sealy’s Investment Services team, led by Tom Herter and supported by local key player Ryan McCaffrey and Chief Investment Officer, Scott Sealy Jr., recognized the opportunity to acquire the highly functional buildings with historically excellent occupancy rates and promising return on the investment making it a great Indianapolis investment opportunity. With the help of Colliers International’s head of investment, Alex Cantu, Sealy’s newest acquisition increases its property ownership in the Midwestern market.
“The opportunity to purchase this portfolio was made possible by the relationships we’ve cultivated as we aim to continue making Sealy’s mark in this Midwestern area. It’s exciting to see the long-term success and tenancy stability previous owners have had with this property, and we look forward to continuing that steady management of relationships. We believe this is a great move for our team considering the numerous attractive features, and we are looking forward to executing our business plan for this park,” – Tom Herter, Director of Investment Services.
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment, and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions.Sealy & Company has an exceptional team of over 100 employees, located in five offices, with corporate offices in Dallas, TX and Shreveport, LA.