Sealy & Company, a Dallas-headquartered commercial real estate investment and operating company in the industrial real estate market, has acquired a 252-dock door Class A truck terminal in West Jefferson. The facility’s accessible location and rapidly expanding bulk industrial submarket made it attractive to Sealy.
The off-market transaction was made on behalf of Sealy Industrial Partners LP for an undisclosed amount.
The truck terminal serves as the fourth largest logistics facility for FedEx Freight. It is one of the 12 nationwide dual hubs for the company, and services other users in the market for outbound and inbound freight. The property features multiple fuel canopies, a truck servicing station, auto and trailer parking, and 252 dock high doors — making it one of the largest truck terminals in the nation.
“The scale of this facility is truly one of a kind, and our investment at 10 Commerce will provide our investors with long-term stable cashflow that is backed by investment-grade credit and pairs well with many of our recent acquisitions. We look forward to continuing to build on our existing relationship with FedEx and our presence in Ohio.” Sealy CIO Scott Sealy Jr. said, in a statement.