Ares Management Acquires Industrial Building In Charlotte From EQT Real Estate For $10.4M

A 70,000-square-foot industrial building was sold for $10.4 million at 4205 Shopton Road, located in the Charlotte, NC market. The price per square foot was calculated at $149, reflecting a transaction carried out between two prominent real estate entities.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,400,000
• Address: 4205 Shopton Road
• Market: Charlotte, NC
• Square Footage: 70,000
• Price Per Square Foot: $149
• Buyer: Ares Management
• Seller: EQT Real Estate

Ares Management acquired the property from EQT Real Estate, which marks a $2.6 million gain from its previous purchase in 2021. The transaction is part of a larger deal in which Ares also secured another separate property in Charlotte from EQT for $10.5 million.