Posts Tagged: Ares Management

South Jersey Industrial Portfolio of 14 Buildings Changes Hands for $118M

South Jersey Industrial Portfolio of 14 Buildings Changes Hands for $118M

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… Read more »