United Properties landed one of the biggest names in mattresses for a newly completed, 289,113-square-foot speculative industrial building at Interstate 70 and Tower Road in Aurora.
Sealy Mattress Manufacturing Co. signed a long-term lease for Tower Business Center 1 at 18701 E. 38thAve. Tenant improvements are underway, and Sealy is expected to take occupancy at the end of the year.
“We’re really excited to have them as a tenant,” said United Properties’ Megan Turner, development manager. “The buildings they’re in right now are older product, so part of this move for them is that it’s going to create a lot of efficiencies in their production with the layout and the size,” she said.
“This lease validates the high-quality product of this project, as well as the excellent location with immediate access to I-70 and close proximity to retail amenities,” said Mike Wafer, Newmark Night Frank executive managing director. Wafer represented United Properties with Bruce Mawhinney and Tim D’Angelo, also of Newmark Knight Frank.
Mitchell Zatz and Carmon Hicks of JLL represented Sealy in the transaction.