Ares Management acquires a substantial South Jersey industrial portfolio with 14 buildings, spanning Cinnaminson and Pennsauken, totaling 1,116,348 square feet. The Los Angeles-based company purchased the properties from Whitesell Construction for $118.5 million, at an average of $106 per square foot. This transaction stands as one of the region’s significant industrial sales in the past year, contrasting with a previous deal in June.

*Article courtesy of Philadelphia Business Journal

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