Michael Arougheti Of Ares Management Corp Acquires 356000 SF Industrial Property In Aurora For Over $70M

A 356,000-square-foot industrial property located at 2200 Sullivan Road in Aurora has been sold for over $70 million. The property, developed by Panattoni in 2022, was reported to be 75% leased at the time of the sale.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Over $70 million
• Address: 2200 Sullivan Road
• Market: Aurora
• Buyer: Michael Arougheti - Ares Management Corp
• Seller: Adon Panattoni & Carl Panattoni - Panattoni
• Broker: Nick Krejci & Noel Liston - Core Industrial Realty

The sale was brokered by Core Industrial Realty, who also retains the leasing rights for the property following the transaction.