Search
 

Sealy Inks 210,000-SF Build-To-Suit Deal

MOUNTAINTOP, PA-Mericle is constructing the bedding manufacturer's first US latex manufacturing plant on 13.7 acres in Crestwood Industrial Park. Sealy signs a 10-year lease for the facility.

By Marita Thomas | Updated on August 30, 2006

(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the industrial market, clickhere.)

MOUNTAINTOP, PA-Sealy, the world’s largest bedding manufacturer, has signed a 10-year lease for a 210,000-sf build-to-suit manufacturing plant on 13.7 acres at 19-23 Elmwood Rd. in Crestwood Industrial Park. Wilkes-Barre-based Mericle Commercial Real Estate Services is developing the facility and is the property owner. The value of the transaction is undisclosed.

Currently, the Archdale, NC-based company’s latex manufacturing is done in Italy and France. This plant, which is located about 30 miles north of an existing Sealy facility in Delano, will be the company’s first US latex manufacturing operation, and it is scheduled to open early next year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.