Peter Yu Of Travelers Club Luggage Acquires Industrial Property From Michael Arougheti For $51.3M

Ares Management sold a 150,548-square-foot industrial asset located at 13900 Carmenita Road, Santa Fe Springs, CA, to Travelers Club Luggage for $51.3 million. The property spans 7 acres and is classified as a Class A distribution center, reflecting strong industrial demand in the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $51,300,000
• Buyer: Peter Yu - Travelers Club Luggage
• Seller: Michael Arougheti - Ares Management
• Lender: Bank of America
• Acquisition Loan Amount: $37,400,000
• Purchase Price by Seller: $39,100,000
• Market: Santa Fe Springs, CA
• Square Feet: 150,548
• Price Per Square Foot: $341
• Acres: 7

This transaction reflects the ongoing industrial investment activity in Los Angeles, which reached $1.9 billion through the first half of 2026, highlighting the increasing market interest in high-quality distribution centers.