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Courtesy of Sealy & Co
Sealy & Co acquired Northwest Point Business Park in highly coveted northwest Houston. Made on behalf of Sealy Strategic Equity Partners, the 232k SF industrial acquisition represents the firm’s commitment to growing its portfolio in Houston and nationwide (something you may have doubted when it sold a 1.5M SF portfolio last year). Near the intersection of Highway 290 and Beltway 8, the business park is 100% leased with an average occupancy of three years. In a submarket with 4.7% vacancy over the last two and a half years, this strong performance is likely to continue.
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