Sealy & Company bought a seven-building, Class A industrial portfolio totaling 1.1 million sf. The portfolio is located in the renowned Park 100 industrial campus within the Northwest submarket of Indianapolis, one of the top industrial markets in the United States. This acquisition was made by Sealy & Company on behalf of Sealy Strategic Equity Partners.
Together, the assets are commonly known as the North by Northwest Business Park and are 92 percent leased to an excellent tenant roster of 25 companies representing a variety of business industries. The North by Northwest portfolio is comprised of seven buildings, ranging in size from 59,000 sf to 323,000 sf, totaling approximately 1.1 million sf offering modern building attributes.
Six of the buildings are multi-tenant properties, and all are in the Park 100 master-planned industrial campus. Park 100 offers excellent interstate proximity, with immediate access to Interstate 465 and 65, which provide convenient connectivity across the Indianapolis MSA and the greater Midwest region.
“North by Northwest is an infill industrial portfolio with excellent tenancy, strong in-place income streams, and value-add potential in one of SSEP’s target markets. All attributes that enhance Sealy’s Portfolio by Design strategy,” stated Scott Sealy, Jr., Vice President and Business Development. “The functional buildings are well-positioned in the market due to their modern designs, varied sizes, above-standard features, proximity to interstate freeways, and access to a skilled distribution workforce.”