The Park 225 Development Will Be the Fourth in a Series of JV Developments Between the Partners
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 a 14.8 acres site in Houston, Texas, with joint venture partner Investment & Development Ventures, LLC (IDV). The land parcel, located in Park 225, will be home to a 267,000 square-foot, state-of-the-art industrial facility to be developed by the pair with a Q4 2022 expected delivery date.
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Rendering of the corner elevation of the future Class-A industrial distribution facility to be developed by partners Sealy & Company and IDV. (Graphic: Business Wire)
Located at 4113 Greenshadow Drive in the Southeast Houston submarket, the property and future building benefit from direct access to the Sam Houston Parkway and the Pasadena Freeway. The Southeast Houston submarket is home to the Houston Ship Channel and the Port of Houston, the largest port on the Gulf of Mexico and the #1 U.S. port in total foreign and domestic waterborne tonnage. Park 225 will offer tenant(s) flexibility in size, configuration, and ample trailer and auto parking.
"Sealy’s focus on developing deep industry relationships coupled with our creative strategies and entrepreneurial spirit led to the formation of the IDV joint venture partnership. This partnership marries Sealy’s financial capacity and expertise with IDV’s focus on opportunistic acquisitions of land and development and will result in delivering valuable investments in the marketplace," says Scott P. Sealy, Jr., Sealy & Company's Chief Investment Officer.
“IDV is excited to continue our great partnership with Sealy & Company, and we look forward to delivering another best-in-class development at Park 225,” stated Tim Harrington, CFO & Principal for Investment & Development Ventures.
The Park 225 Development marks the fourth development between joint venture partners Sealy & Company and IDV. The partners have previously teamed up to develop over 924,000 square feet of industrial property at Thompson 10 Logistics Center and Park 505 in the Houston, TX market. Also currently under development is the 192,000 square-foot cross-dock distribution property OKC Airport Industrial located in Oklahoma City, OK.
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
For more news and information regarding Investment & Development Ventures, please visit the company’s website at www.idvllc.net.
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 warehouses, 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 eight offices, with corporate offices in Dallas, TX and Shreveport, LA.
About Investment & Development Ventures
IDV is a privately held real estate investment, development, and management company based in Houston, Texas. The IDV team is uniquely experienced in all facets of the real estate investment and development cycle. We excel at managing risk and delivering solid returns. Our investment approach is centered on conservative underwriting, creative deal structuring, and clear communication, leading to exceptional results.
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Contacts
Kayte H. Hollowell, Director – Marketing
Sealy & Company
Direct: 318.698.3112 | Email: KayteH@Sealynet.com
