Ares Management Acquires Industrial Property In Westminster For $64M

The industrial property located at 7400 Hazard Avenue in Westminster has been sold in a transaction involving Ares Management as the buyer and Clarion Partners as the seller. The deal was brokered by Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold from Cushman & Wakefield. The sale price for this asset was $64,000,000, with a total square footage of 258,506 and a price per square foot of $248.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $64,000,000
• Address: 7400 Hazard Avenue
• Market: Westminster
• Square Footage: 258,506
• Buyer: Ares Management
• Seller: Clarion Partners
• Brokers: Jeff Chiate, Jeffrey Cole, Rick Ellison & Matt Leupold - Cushman & Wakefield
• Price Per Square Foot: $248

Noteworthy individuals in this transaction include Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold who represented the parties involved in the sale of the industrial property. Ares Management, the buyer, and Clarion Partners, the seller, entrusted Cushman & Wakefield to facilitate this $64,000,000 deal.