Critical Logistics Hub El Paso Attracts Sealy & Company with Light Industrial Portfolio Acquisition
Dallas, TX, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of two light industrial warehouse and distribution buildings totaling 131,616 square feet in El Paso, TX.
- Dallas, TX, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of two light industrial warehouse and distribution buildings totaling 131,616 square feet in El Paso, TX.
- Located adjacent to El Paso International Airport, the assets acquired are within a critical logistics market along the Texas border that is known for its high barriers to entry and strong fundamentals.
- Sealy & Company is familiar with the area, as it owns several properties in El Paso accounting for approximately three percent of its portfolio nationwide
The deal was led by Jason Gandy and Davis Gibbs, Managing Director of Investment Services and Senior Associate for Sealy & Company, respectively. - The Butterfield Trail submarket is one of the most noteworthy industrial areas in the El Paso market.