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Ares Management Acquires Lockport Industrial Property For $67.5M

16230-16342 West 163rd Street
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This Industrial property located in IL was sold for $67,500,000 over 2 years ago. The brokers of the deal were Adam Tyler, Michael "Mike" Tenteris, and James (Jim) Carpenter

The industrial property located at 16230-16342 W. 163rd St in Lockport has been sold in a transaction with a sale price of $67,500,000. The property spans 612,000 square feet, resulting in a price per square foot of $110. The buyer in this transaction is Ares Management Corp, represented by Michael Arougheti. The seller is High Street Logistics Properties. The deal was facilitated by brokers James Carpenter, Mike Tenteris, and Adam Tyler from Cushman & Wakefield.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $67,500,000
  • Address: 16230-16342 W. 163rd St
  • Market: Lockport

Michael Arougheti, representing Ares Management Corp, played a pivotal role as the buyer in this industrial property transaction in Lockport. High Street Logistics Properties acted as the seller in this deal. The transaction was successfully facilitated by brokers James Carpenter, Mike Tenteris, and Adam Tyler from Cushman & Wakefield.

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Deals
  • Location
    16230 West 163rd Street, Lockport, IL, USA16230 West 163rd Street, Lockport, IL, USA
  • Sale Price
    $67,500,000$67,500,000
    $110 PPSF$110 PPSF
  • Area
    612,000 SF612,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Michael "Mike" Tenteris

Michael "Mike" Tenteris

Deals1
Sold$67.5M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

SALE IMAGE: James Carpenter, Michael Arougheti, Mike Tenteris & Adam Tyler DATE: 11/16/2021 ADDRESS: 16230-16342 W. 163rd St MARKET: Lockport ASSET TYPE: Industrial BUYER: Ares Management Corp- Michael Arougheti SELLER: High Street Logistics Properties BROKERS: James Carpenter, Mike Tenteris and Adam Tyler - Cushman & Wakefield SALE PRICE: $67,500,000 SF: 612,000 ~ PPSF: $110

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16230-16342 West 163rd Street

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