Black Creek Group Acquires Industrial Property In Commerce For $50.3M

A 118,000 square foot industrial property located at 2429 South Malt Avenue in Commerce has been sold for $50,300,000. The property was purchased by Black Creek Group, represented by Michael Arougheti of Ares Management. The seller, Faustinos Furniture, was represented by Faustino Limon.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $50,300,000
• Square Footage: 118,000
• Price per Square Foot: $426
• Address: 2429 South Malt Avenue, Commerce
• Market: Commerce

Michael Arougheti of Ares Management represented Black Creek Group in the purchase of the industrial property. Faustino Limon acted as the representative for Faustinos Furniture in the sale. The transaction took place on 07/06/2022.