{"id":1004598706,"date":"2022-08-19T03:56:22","date_gmt":"2022-08-19T11:56:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004598706"},"modified":"2022-12-08T18:33:57","modified_gmt":"2022-12-09T02:33:57","slug":"sealy-co-acquires-kansas-city-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sealy-co-acquires-kansas-city-distribution-center\/","title":{"rendered":"Sealy & Co. Acquires Kansas City Distribution Center"},"content":{"rendered":"
\"7601<\/a>

7601 Gardner Avenue. Image courtesy of Sealy & Company.<\/p><\/div>\n

Sealy & Co.<\/strong> has purchased a 70,000-square-foot distribution facility located at 7601 Gardner Ave. in Kansas City, Mo. Sealy & Co. purchased the property in an off-market deal with the building\u2019s owner, Koscielny Property Management.<\/p>\n

Sealy & Co. Investment Services directors Jason Gandy and Davis Gibbs arranged the sale with the building\u2019s previous owner, Koscielny Property Management, represented by CBRE<\/strong> Senior Vice President Austin Baier. The property sold for an undisclosed amount.<\/p>\n

The sale of 7601 Gardner Avenue take place as Sealy & Co. continues to acquire industrial space throughout the Midwest. In the second quarter of 2022, Sealy & Co. acquired AeroPlex One & Two<\/a>, a 600,000-square-foot industrial development in Romulus, Mich. Sealy & Co. has also purchased<\/a> a 438,000-square-foot Etna Township, Ohio, logistics facility.<\/p>\n

\n

READ ALSO: <\/strong>Industrial Leasing Reaches Record Volumes<\/a><\/p>\n

\n

Originally constructed in 1994, 7601 Gardner Ave. is used primarily as a warehouse and distribution facility, fully leased and occupied by Cardinal Health<\/strong>, according to CommercialEdge data. The complex is located within a mile of Interstate 435, offering quick shipping access to downtown Kansas City.<\/p>\n

Kansas City\u2019s transformation<\/h2>\n

The Kansas City area continues to see growth in its industrial sector, as the city transforms into a national industrial hub. A combination of increased demand and development has led to the construction of eight buildings, totaling 3 million square feet of space in the second quarter of 2022, with another 8 million slated for completion by the end of the year, according to a CBRE report from the same period. The average vacancy rate has dropped to 4.9 percent, according to the same data.<\/p>\n","protected":false},"excerpt":{"rendered":"

This transaction occurs as the city transforms into a national industrial hub.<\/p>\n","protected":false},"author":3012,"featured_media":1004598705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1592,13,21742],"tags":[32789,33298],"class_list":["post-1004598706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-kansas-city","category-midwest","category-latest","tag-cbre","tag-sealy-company"],"acf":[],"yoast_head":"\nSealy & Co. 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