Ares Real Estate Acquires 1.6M SF Industrial Portfolio In Arlington Fort Worth Northlake

Ares Real Estate has acquired a four-property industrial portfolio located in Arlington, Fort Worth, and Northlake, Texas. The total square footage of these assets amounts to 1,600,000 square feet. The transaction involved WPT Reeves Place LP and WPT Sylvania Avenue LP as the sellers, with an undisclosed sale amount.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Square Footage: 1,600,000 SF
• Address: Industrial Portfolio
• Market: Arlington, Fort Worth & Northlake
• Buyer: Michael Arougheti - Ares Real Estate
• Seller: WPT Reeves Place LP & WPT Sylvania Avenue LP
• Brokerage: Trent Agnew, Pauli Kerr, Keenan Ryan & Brennan Fewin - JLL

The transaction was facilitated by JLL Capital Markets, involving key brokers Tom Weber, Trent Agnew, Pauli Kerr, Keenan Ryan, and Brennan Fewin. The portfolio consists of fully leased assets that will be managed by Ares Industrial Management.