Updated Oct 9, 2026
Ares Management Secures $58.1 Million Acquisition Loan From AXA Investment Managers For Industrial Asset
7979 183rd Street
$58,100,000
$81/SF
Building Size
717,475 SF
Asset Type
Industrial
Closing
Sep 4, 2026
About this deal
AI
The property asset involved in the transaction is an industrial facility located at 7979 183rd Street in Tinley Park. The total square footage of the asset is 717,475, with a loan amount secured of $58,100,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $58,100,000
- Address: 7979 183rd Street
- Market: Tinley Park
- Lender: AXA Investment Managers
- Borrower: Ares Management
- Brokers: Lucas Borges, Brian Walsh, Emma Berner & Christian Johnston - JLL
The transaction includes the involvement of multiple brokers from JLL who facilitated the deal. The representatives participating from the brokerage firm are Lucas Borges, Brian Walsh, Emma Berner, and Christian Johnston, showcasing a collaborative effort in securing the acquisition loan for Ares Management.
On the Map
$58,100,000
$81/SF
Industrial
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Players
Tinley Park Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93