Sealy & Company Strengthens Louisiana Portfolio with 55,500 Square Foot Industrial Property in Lake Charles, LA
August 26, 2022 | James Sprow | Blue Vault
Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of 2970 Calcasieu Drive, a 55,500 square foot warehouse/distribution facility, on Friday, August 26,2022, in an off-market transaction for an undisclosed amount.
Strategically located in Calcasieu Industrial Park, the property includes a 120’ truck court as well as 14 dock-high doors, a desirable feature for tenants in a market with minimal existing dock-high product. The Lake Charles market is situated just South of I-10 and is halfway between Houston and Baton Rouge, making its location an ideal home for warehouse and distribution facility users. The Lake Charles industrial market is comprised of approximately 5.7 million square feet and boasts an occupancy rate of 97.6%.
As a fourth-generation family-owned company, Sealy is a recognized leader in acquiring, developing, and redeveloping industrial/flex, regional distribution warehouse, and other industrial properties.
“We are excited to expand our portfolio in Louisiana with this acquisition. This property was developed by the Ratcliff Companies, a long-term trusted partner of Sealy & Company, whose industrial property development expertise is evident in the quality construction of this asset,” says Mark Sealy, President of Sealy & Company
About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment, and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions.Sealy & Company has an exceptional team of over 100 employees, located in five offices, with corporate offices in Dallas, TX and Shreveport, LA.
Source: Sealy & Company
