Sealy & Co. has bought NorthPoint One, a Class A, 182,000-square-foot industrial facility in Westfield, Ind., close to Indianapolis. The earlier proprietor, Holladay Properties, additionally developed the power inside the 300-acre NorthPoint Industrial Park, based on CommercialEdge info. Colliers Vice Chairman Alex Cantu labored on behalf of the vendor.
The deal got here on the heels of one other Midwest buy that closed this week. The corporate picked up Inland Port IV, a 575,154-square-foot facility a part of Logistics Park Kansas Metropolis in Edgerton, Kan. The property was absolutely occupied on the time of sale.
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The property is at 20099 N. East St. simply east of U.S. Freeway 31, offering direct connectivity to main transportation corridors within the space. The economic facility is 33 miles from Indianapolis and 37 miles of Indianapolis Worldwide Airport.
Accomplished in 2022, NorthPoint One options 32-foot clear heights, two drive-in doorways, 36 dock-high doorways, 105 car parking spots and 62 trailer parking spots. Moreover, the property additionally features a secured storage yard. The asset is presently absolutely leased by Tradewinds World Logistics, the identical supply exhibits.
The property is a part of NorthPoint Enterprise Park, a greater than 300-acre mixed-use park that features accessible websites for all times science, retail, distribution and superior manufacturing makes use of. Inside this campus, Holladay Properties additionally developed NorthPoint Two, a 169,544-square-foot constructing situated proper subsequent to NorthPoint One.
A rising industrial portfolio
Sealy & Co. focuses on buying, creating and redeveloping industrial/flex, distribution facilities and different industrial properties. The agency has greater than $3 billion of belongings beneath administration totaling over 33 million sq. ft throughout 28 markets.Â
In January, the corporate bought a two-building industrial portfolio close to Memphis, Tenn. The portfolio is called Stateline and Crossroads Logistics Package deal and consists of 589,598 sq. ft of area.
