Michael Arougheti Of Ares Real Estate Purchases 3425 Meridian Parkway Industrial Complex For $56M

The industrial property located at 3425 Meridian Parkway in Weston was sold for $56,000,000. The asset spans 15.9 acres and comprises a total square footage of 230,976. The property is characterized by its 30-foot clear heights, 46 dock doors, and includes 38,000 square feet of freezer space. The warehouse was built in 1995.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $56,000,000
• Address: 3425 Meridian Parkway
• Market: Weston
• Square Footage: 230,976
• Price per Square Foot: $242
• Buyer: Michael Arougheti - Ares Real Estate
• Seller: Franz F. Colloredo-Mansfeld - Cabot Properties

Ares Management, through AIREF Meridian Pkwy LLC, facilitated the acquisition of the Meridian at Weston industrial complex from Cabot Properties, with Michael Arougheti representing Ares Real Estate in this transaction. The deal highlights the continued investment in industrial space within the market.