Scott Fitzgerald Of Swift Creek Real Estate Partners And Michael Arougheti Of Ares Management Acquire Orlando Industrial Assets From Luke J. Petherbridge For $250M

The sale involved four industrial assets located at 1125 Gills Drive, 5257, 5281, 5339 L.B. Mcleod Road, and 13201 South Orange Avenue in the Orlando market. The total sale price was $250,000,000, with a total square footage of 1,933,000, resulting in a price per square foot of $129.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $250,000,000
• Buyer: Scott Fitzgerald - Swift Creek Real Estate Partners
• Buyer: Michael Arougheti - Ares Management
• Seller: Luke J. Petherbridge - Link Logistics
• Assets Sold: Crossroads Distribution Center, Axcess Park @ 33rd, Cornerstone Logistics Centre
• Sale Amount per Asset: Crossroads Distribution Center sold for $98.45M, Axcess Park @ 33rd for $92.9M, and Cornerstone Logistics Centre for $77.8M
• Financing: Hartford Fire Insurance Company and Ares’ Syracuse Fund V Lender Sub LLC
• Link Logistics' remaining portfolio: 64 industrial properties totaling over 11.2M square feet in the Orlando market

Scott Fitzgerald and Michael Arougheti represented two different parties in this transaction as the buyers, while Luke J. Petherbridge represented the seller. The deal constitutes part of Link Logistics' broader divestment strategy in Florida, which has included prior sales exceeding $1 billion in South Florida assets.