{"id":1004470612,"date":"2020-08-13T01:16:43","date_gmt":"2020-08-13T09:16:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004470612"},"modified":"2020-08-13T01:16:43","modified_gmt":"2020-08-13T09:16:43","slug":"sealy-co-acquires-new-orleans-area-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sealy-co-acquires-new-orleans-area-industrial-asset\/","title":{"rendered":"Sealy &#038; Co. Acquires New Orleans-Area Industrial Asset"},"content":{"rendered":"<div id=\"attachment_1004470777\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/149-New-Camellia-Blvd-e1597304731660.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004470777\" data-attachment-id=\"1004470777\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sealy-co-acquires-new-orleans-area-industrial-asset\/149-new-camellia-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/149-New-Camellia-Blvd-e1597304731660.jpg\" data-orig-size=\"736,552\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Sergiu Inizian&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1597315471&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=\"149 New Camellia Blvd\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;149 New Camellia Blvd. Aerial image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/149-New-Camellia-Blvd-e1597304731660.jpg?w=736\" class=\"wp-image-1004470777 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/149-New-Camellia-Blvd-e1597304731660.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/149-New-Camellia-Blvd-e1597304731660.jpg 736w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/149-New-Camellia-Blvd-e1597304731660.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004470777\" class=\"wp-caption-text\">149 New Camellia Blvd. <em>Image via Google Maps<\/em><\/p><\/div>\n<p>Sealy &amp; Co. has acquired a 197,767-square-foot distribution warehouse in Covington, La. The property is currently leased to Medline Industries, a large medical supplies manufacturer and distributor. According to&nbsp;St. Tammany Parish records, Sealy &amp; Co. purchased the property from the tenant.<\/p>\n<p>Located at 149 New Camellia Blvd., the facility is just off Interstate 12, north of Lake Pontchartrain and roughly 42 miles from downtown New Orleans via Lake Pontchartrain Causeway. Baton Rouge is directly accessible via Interstate 12, some 60 miles west. The Port of New Orleans is situated within a 1-hour drive.<\/p>\n<p>In December 2019, Louisiana Economic Development announced that Medline was planning on building a new, 800,000-square-foot medical supply building north of Interstate 12, with the facility slated to bring more than 170 jobs within two years of opening on top of retaining 36 existing positions.&nbsp;<\/p>\n<p>Late last year,&nbsp;Sealy Strategic Equity Partners,&nbsp;an investment fund sponsored by Sealy &amp; Co., sold 16.3 million square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/sealy-garners-909m-on-us-industrial-portfolio-sale\/\">industrial space to DRA Advisors<\/a>. The&nbsp;$908.5 million portfolio included&nbsp;106 warehouses located in the Southeast, Southwest and Midwest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Medline Industries, a major medical supplies manufacturer and distributor, is the current tenant. <\/p>\n","protected":false},"author":868,"featured_media":1004470777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1599,21742],"tags":[35942,33919,33298],"class_list":["post-1004470612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-new-orleans","category-latest","tag-covington","tag-dra-advisors-llc","tag-sealy-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sealy &amp; Co. 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