facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Virginia

/

Industrial

/

Sale

/

Commerce Center Dr

Ares Management Acquires Industrial Warehouse From Trammell Crow Company & Diamond Realty For $80M
SOLDIndustrial

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

Ares Management
Ares Management Buyer
Trammell Crow Company
Trammell Crow CompanySeller

Covington Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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