Sealy and AEW Sell 1.5M SF in Texas

A JV of Sealy & Co and AEW Capital Management sold a mega portfolio of Texas industrial properties—19 institutional assets totaling 1.5M SF. The deal includes two Houston facilities totaling 357k SF: 1150-1170 Silber and 8790 Wallisville. Both properties are fully occupied; the overall portfolio is 91% leased. Sealy VP Scott Sealy Jr says the sale was at an opportune time, allowing the JV to capitalize on current market conditions and realize significant appreciation over a relatively short amount of time. The JV is looking for acquisition opportunities between $5M and $100M.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Houston Newsletters
Related Stories

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

Credit Union Breaks Ground On New HQ Building: The Houston Deal Sheet

EXCLUSIVE: Downtown Houston+ Targets Grocery Gap, Pedestrian Experience With New Programs

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

Houston's Office Woes Are Getting Too Expensive To Fix

GID, StepStone Complete $985M Secondary Deal For Industrial Portfolio

Developers In Talks With TSMC Suppliers For $7B Halo Vista Mixed-Use Project

BKM Capital Isn't Tapping The Brakes On Its $3B Industrial Buying Spree

Data Centers Fuel Busiest Industrial Market Since 2022

Welcome Group Starts Pearland Industrial: The Houston Deal Sheet