Sealy Purchases 500,000-SF Industrial Building West of Houston
The Broad Ocean building west of Houston has been acquired by Sealy & Co. Architecture: Powers Brown
HOUSTON – An affiliate of Sealy & Co., an industrial and commercial real estate firm, has acquired a 479,806-square-foot distribution warehouse on the west side of the Houston metropolitan area.
The facility is leased to Broad Ocean, a manufacturer that supplies components to Daikin. Daikin recently completed a 4.2 million-square-foot air-conditioning manufacturing campus in the Waller area, strengthening regional industrial demand.
The newly acquired Sealy property is located at 18140 Kickapoo Road, approximately eight miles past the intersection of US 290 and the Grand Parkway.
“Houston’s rapidly expanding industrial market and persistently low vacancy rates made this an attractive opportunity,” said Scott Sealy, Jr., Chief Investment Officer of Sealy & Co. “This is a core asset with features that will appeal to many nearby manufacturers, suppliers, and distributors. Our strategy is to acquire assets at a cost below replacement and stabilize them. We’re pleased with this acquisition and the continued diversification of our portfolio.”
The Sealy investment services team on the transaction was led by Scott Sealy, Jr., Jason Gandy, and Tom Herter. They worked closely with Tom Lynch and Mark Redlingshafer of CBRE to complete the purchase.
The building’s design was provided by Powers Brown Architects.
Sealy & Co. holds a substantial portfolio across north Texas, Louisiana, and other markets, with a focus on industrial and commercial properties.
