INDIANAPOLIS—Sealy and Co. has just purchased the 1.1 million square foot North by Northwest industrial portfolio in Indianapolis from Minneapolis-based Biynah Industrial Partners. In doing so, Sealy beat out a group of regional and national investors competing for the seven-building property.
JLL's international director John Huguenard, managing director Sean Devaney and senior vice president Ed Halaburt represented Sealy in the transaction. And considering the local market's momentum, team members were not surprised to see a such a strong group of potential buyers express interest.
“The fundamentals are very strong,” Devaney tells GlobeSt.com, largely due to Indianapolis' central location and an abundance of cheap land, both attributes looked for by the developers of warehouse and distribution buildings. “It's a market that continues to thrive.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
