Sealy & Co Acquires Great 290 Distribution Center Industrial Facility In Houston

Sealy & Co., represented by Director of Investment Services Jason Gandy, has acquired the Great 290 Distribution Center located at 2120 Field Store Road in Houston's Waller market. The industrial facility spans 500,840 square feet and was purchased using a $50 million line of credit from KeyBank. The property, sold by Paul Coonrod of Pagewood, is currently occupied by Daikin Comfort Technologies with 3.6 years remaining on the lease. It features 106 loading doors, 36-foot clear heights, and 280 parking spaces. JLL acted as the negotiating broker for the seller, while Charlie Strauss and Trent Agnew of JLL represented Sealy & Co. in the transaction.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 2120 Field Store Road
• Market: Waller
• Square Footage: 500,840

Key individuals and companies involved in the deal include Scott P. Sealy, Sr. and Jason Gandy of Sealy & Co. as the buyers, Paul Coonrod as the seller, and Charlie Strauss and Trent Agnew of JLL as the brokers. Sealy & Co. secured a $50 million line of credit from KeyBank for the purchase. The transaction was facilitated by JLL, with Charlie Strauss and Trent Agnew representing the buyer.