Lone Elm Commerce Center will get two spec industrial buildings - Kansas City Business Journal
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Smithfield Foods will occupy giant distribution center in Olathe - Kansas City Business Journal
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Sealy & Co. Expands Kansas City-Area Industrial Footprint
Sealy & Co. Expands Kansas City-Area Industrial Footprint
Making its second acquisition in less than a week, the investor bought a distribution facility in Olathe, Kan. Apr222021
Image courtesy of Sealy & Co.
Sealy & Co. has grown its presence in metropolitan Kansas City with the acquisition of Lone Elm Commerce Center, an approximately 210,500-square-foot industrial facility in Olathe, Kan. A leader in the industrial real estate market, Sealy acquired the Class A distribution warehouse from its developer, Heise-Meyer LLC.
Sealy relied on the assistance of Mark Long and John Hassler of Newmark for representation in the transaction, which was an off-market deal in the increasingly competitive Kansas City investment-sales environment. “Our relationships in the market and our surety of closing are key advantages in competitive markets like we are in today,” Jason Gandy, managing director, investment
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Dallas, TX, April 21, 2021 (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 a distribution warehouse totaling 210,504 SF in Kansas City, Missouri. The off-market transaction was made for an undisclosed amount.
Marking the second transaction for the company in one week, the acquisition of Lone Elm Commerce Center brings Sealy & Company s holdings in the Kansas City market to over 1.3 million square feet. Rounding out the firm s top markets by volume at number five, this top-tier market is attractive for numerous reasons including its centralized location, significant highway and railway infrastructure, and affordable cost of labor.