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1645 Wallace Drive

Updated Sep 18, 2026

Ares Real Estate Fund Acquires 254,000 Square Foot Industrial Portfolio In Carrollton From Cohen Asset Management
SOLDIndustrial

Ares Real Estate Fund Acquires 254,000 Square Foot Industrial Portfolio In Carrollton From Cohen Asset Management

1645 Wallace Drive

Building Size

254,000 SF

Asset Type

Industrial

Closing

Jun 29, 2026

About this deal

AI

The transaction involved the sale of a fully leased 254,000-square-foot, three-building industrial portfolio located at 1645 Wallace Drive in Carrollton, Texas. This asset was sold by Cohen Asset Management.

Summary of transation details:

The deal featured key involvement from Jud Clements, along with the brokerage team from Cushman & Wakefield representing the seller. Additionally, Marq Logistics was retained to manage the portfolio post-transaction.

On the Map

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Industrial

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Players

James Carpenter

Cushman & Wakefield

Broker

$402.7M

vol

21 deals

Broker
Michael Arougheti

Michael Arougheti

Ares Real Estate

Buyer

$7B

vol

42 deals

Buyer

Bradley Cohen

Cohen Asset Management

Seller

$111.5M

vol

5 deals

Seller
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Carrollton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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