Sealy & Co. Expands in Midwest with 500 KSF Kansas City Buy

Sealy & Co. has purchased the 498,599-square-foot Raymore Commerce Center Building 2 in Raymore, Mo., a submarket of Kansas City. VanTrust Real Estate sold the asset, according to Yardi Matrix. Newmark represented the seller in the transaction.

In 2022, Security Bank of Kansas City provided the development with a $28 million construction loan in July and $37.3 million in bond financing in September, Yardi Matrix shows. Building 2 came online in 2023 and includes 58 trailer parking spaces, 50 dock-high doors, four drive-in doors and 36-foot clear heights.

At the time of sale, the property was fully leased. Tenants at the property include A4, Harmar and Honeywell. Yardi Matrix also shows that Building 2 is subject to a 21-year net ground lease to the City of Raymore, which will expire in 2043.

---

READ ALSO: Why Buy, Don’t Build Is a Smart CRE Strategy

---

VanTrust continues to expand the broader Raymore Commerce Center campus. In October 2025, the company broke ground on a 577,500-square-foot speculative project, Building 4, which is expected to deliver in August 2026. In 2023, Urban Outfitters selected the Raymore Commerce Center for a $60 million fulfillment center for its clothing rental brand Nuuly.

Located at 1200 S. Dean Ave., Building 2 is along the Interstate 49 corridor south of Kansas City in proximity to the CPKC Intermodal Facility. The asset is approximately 25 miles from downtown Kansas City and 50 miles from Kansas City International Airport.

Sealy & Co. Managing Director Jason Gandy and Director Davis Gibbs led the transaction for the buyer.

Sealy’s Midwest expansion

Sealy & Co.’s latest acquisition comes as the company has been adding to its portfolio, especially in Midwest markets, over the last year. The company posseses more than $3.2 billion in assets under management, with 35 million square feet across 31 markets.

Last March, the company purchased a nearby asset at Logistics Park Kansas City known as Inland Port IV. The 575,154-square-foot asset was previously owned by Ares Management and offers access to the Interstate 49 corridor.  

Around that same time, Sealy & Co. purchased NorthPoint One in Westfield, Ind., from Holladay Properties. The purchase included a 182,000-square-foot facility within the NorthPoint Industrial Park.