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

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:

• Property Type: Industrial
• Transaction Amount: Not specified
• Asset Size: 254,000 square feet
• Address: 1645 Wallace Drive
• Market: Carrollton, TX
• Buyer: Michael Arougheti - Ares Real Estate fund
• Seller: Bradley Cohen - Cohen Asset Management
• Broker Representatives: Jim Carpenter, Robby Rieke, Emily Brandt & Trevor Berry - Cushman & Wakefield

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.