Sealy & Co. has recently acquired the Great 290 Distribution Center, a state-of-the-art industrial facility located in Houston. The property spans over 500,840 square feet and was purchased from Pagewood through a $50 million line of credit provided by KeyBank. JLL acted as the broker for the seller during this transaction.
Conveniently situated at 2120 Field Store Road in Waller, just 43 miles from downtown Houston, this Class A warehouse boasts impressive features such as 106 dock-high loading doors and four drive-in doors, with clear heights reaching up to 36 feet. The property also offers ample parking space with room for up to280 vehicles and includes a spacious truck court measuring at185 feet.
The entire facility is currently occupied by Daikin Comfort Technologies as its sole tenant under a lease agreement that still has3.6 years remaining on its term. This indoor HVAC manufacturer also operates another plant spanning over4 million square feet just three miles away from this location.
According to Commercial Edge reports,the Great290 Distribution Center was completed in2023 after securing funding througha$36.1 million construction loan provided by Prosperity Bank.The development includes an additional10 acres of land available for future expansion opportunities.
This recent acquisition further solidifies Sealy & Co.’s presence in the thriving industrial market of Houston while providing them with an opportunity for potential growth and diversification within their portfolio.
