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Ares Management Corporation Acquires Industrial Property From EQT Real Estate For $28.4M In Morrisville

Property Image
SOLD
$28,400,000

North Carolina

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Industrial163,608 SF
Sold 11/24/2025
the dealdetailscomps
Property Image
SOLD

Ares Management Corporation Acquires Industrial Property From EQT Real Estate For $28.4M In Morrisville

120 Trans Air Drive

See Similar Deals
Industrial163,608 SF
Sold 11/24/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$173
Total Square Footage:163,608 SF
Transaction Type:Sale

Ares Management Corporation acquired a fully leased industrial building located at 120 Trans Air Drive in Morrisville, NC. The property encompasses a total of 163,608 square feet and was sold for $28.4 million, reflecting a price per square foot of $174. The transaction indicates an increase in value from $16.1 million in 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $28,400,000
  • Sale Date: 11/24/2025
  • Buyer: Ares Management Corporation
  • Seller: EQT Real Estate
  • Market: Morrisville, NC
  • Square Footage: 163,608
  • Price Per Square Foot: $174

This deal involved Ares Management Corporation as the buyer and EQT Real Estate as the seller, reflecting a strategic investment in the industrial sector by Ares Management Corporation.

Players

EE
EQT Real Estate
SELLER

Details

SOLD
IMAGE: 11/24/2025 ADDRESS: 120 Trans Air Drive MARKET: Morrisville, NC ASSET TYPE: Industrial BUYER: Ares Management Corporation SELLER: EQT Real Estate SALE PRICE: $28,400,000 SF: 163,608 ~ PPSF: $174 NOTE: Ares Management Corporation bought a fully leased 163,608-square-foot industrial building at 120 Trans Air Drive in Morrisville for $28.4 million, up from $16.1 million in 2021.

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