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

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.