Ares Management Acquires 198720 Square Foot Industrial Property In Taunton For $44.25 Million

Ares Management has acquired a Class A distribution center located at 151 Charles F. Colton Road in Taunton, MA. The facility encompasses a total area of 198,720 square feet and was purchased for a total of $44.25 million, translating to a price per square foot of $223. The seller of the property was a fund managed by Brookfield Asset Management.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $44,250,000
• Address: 151 Charles F Colton Road
• Market: Taunton, MA
• Square Footage: 198,720
• Price per Square Foot: $223
• Buyer: Michael J. Arougheti - Ares Management
• Seller: Bruce Flatt - Brookfield Asset Management
• Broker Representatives: Michael Restivo & David Coffman - JLL

Key individuals involved in the transaction include Michael J. Arougheti representing Ares Management as the buyer, and Bruce Flatt representing Brookfield Asset Management as the seller. The brokerage firm JLL was represented by Michael Restivo and David Coffman in this transaction.