Ares Management Acquires Industrial Warehouse From Trammell Crow Company & Diamond Realty For $80M
Commerce Center Dr
$80,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 29, 2025
AI
A warehouse located at 1000 Commerce Center Drive in Elkton, MD, was sold for $80 million. The industrial asset spans 800,000 square feet, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $80,000,000
- Buyer: Ares Management
- Seller: Trammell Crow Company & Diamond Realty Investments
- Sale Date: 09/29/2025
- Market: Elkton, MD
- Square Footage: 800,000
- Price per Square Foot: $100
An affiliate of Ares Management acquired the property from a venture consisting of Trammell Crow Company and Diamond Realty Investments. The transaction involved prominent players in the real estate investment sector.
Players
Covington 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93