{"id":1004242874,"date":"2018-07-16T03:46:30","date_gmt":"2018-07-16T11:46:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004242874"},"modified":"2022-12-08T00:28:49","modified_gmt":"2022-12-08T08:28:49","slug":"sealy-acquires-478ksf-industrial-asset-in-ohio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sealy-acquires-478ksf-industrial-asset-in-ohio\/","title":{"rendered":"Sealy Acquires 478 KSF Industrial Asset in Ohio"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004242877\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004242877\" data-attachment-id=\"1004242877\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sealy-acquires-478ksf-industrial-asset-in-ohio\/centerpoint-6\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Centerpoint #6\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Centerpoint #6&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg?w=800\" class=\"wp-image-1004242877 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg\" alt=\"Centerpoint #6\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Centerpoint-6.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004242877\" class=\"wp-caption-text\">Centerpoint #6<\/p><\/div>\n<p>Sealy &amp; Co. has added a 478,200-square-foot industrial asset to its Ohio portfolio. The commercial real estate investment and operating company recently acquired Centerpoint #6, a bulk warehouse facility in Obetz, roughly 15 miles south of Columbus.<\/p>\n<p>Centerpoint #6 is located at 5465 Centerpoint Parkway, within the 239-acre Centerpoint Business Park master planned industrial complex in the Rickenbacker submarket. The tenant roster at the Class A warehouse includes Pier One, Nautilus, Avnet and fashion rental service Le Tote, which signed a lease for 250,000 square feet in 2017.<\/p>\n<p>Sealy purchased Centerpoint #6 on behalf of Sealy Strategic Equity Partners LP in an off-market transaction. The company frequently snaps up assets that aren\u2019t openly offered to other investors. As Jason Gandy, managing director of investment services with Sealy &amp;Co., told <em>Commercial Property Executive<\/em>, the company attributes its success in sourcing off-market opportunities to its <em>\u201cability and surety to close in tight time frames coupled with long-standing relationships in our markets.\u201d<\/em><\/p>\n<h2>Columbus calling<\/h2>\n<p>The Columbus industrial market is thriving, as evidenced by the numbers. The metro area recorded positive net absorption totaling a little more than 1.5 million square feet in the second quarter of 2018, representing the sixth consecutive quarter of positive absorption, according to a report by commercial real estate services firm Colliers International. The vacancy rate was enviably low at approximately 4.6 percent.<\/p>\n<p>Attracted to the Columbus industrial sector\u2019s healthy fundamentals, Sealy <a href=\"https:\/\/www.commercialsearch.com\/news\/sealy-acquires-650-ksf-ohio-distribution-facility\/\">re-entered the Columbus market<\/a> in 2017 with the acquisition of the 652,195-square-foot Creekside IX in the city\u2019s Southeast submarket.<\/p>\n<p>While keen on Columbus, Sealy continues to eye other markets as well. <em>\u201cWe would like to continue to grow in all our markets but in particular Dallas, Houston, Atlanta, Charlotte and Kansas City,\u201d <\/em>Gandy said. <em>\u201cThey have the right fundamentals and industrial infrastructure that we are looking for.\u201d<\/em><\/p>\n<p><em>Image courtesy of Sealy &amp; Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The commercial real estate investment and operating company snapped up Centerpoint #6, a bulk warehouse facility in the suburban Columbus city of Obetz.<\/p>\n","protected":false},"author":969,"featured_media":1004242877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21808,21748,13,21742],"tags":[32763,33298],"class_list":["post-1004242874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-featured","category-industrial","category-midwest","category-latest","tag-colliers-international","tag-sealy-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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