Jeff Koblentz Of Robertson Properties Group Acquires Pico Rivera Industrial Facility For $63.8M

Ares Management sold an industrial facility located at 5102 Industry Avenue in Pico Rivera for $63.8 million. The property encompasses 173,100 square feet and is priced at $369 per square foot. This transaction reflects the current trend in the Los Angeles industrial market, where year-to-date sales have reached $1.9 billion, with prices exceeding national averages.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $63,800,000
• Address: 5102 Industry Avenue
• Market: Pico Rivera
• Seller: Michael Arougheti - Ares Management
• Buyer: Jeff Koblentz - Robertson Properties Group
• Square Footage: 173,100
• Price per Square Foot: $369

This transaction involved Michael Arougheti representing Ares Management in the sale to Jeff Koblentz, who represented Robertson Properties Group as the buyer. The deal marks a notable return for Ares Management, as they had previously acquired the property for $63.1 million in a 2021 sale-leaseback agreement with the current tenant, Howard’s.