Ares bulks up South Florida industrial holdings with $56M Broward buy
Ares Management added a Broward warehouse to its South Florida industrial portfolio. An affiliate of Los Angeles-based Ares, led by Michael Arougheti, paid $56 million for Meridian at Weston, a 230,976-square-foot warehouse at 3425 Meridian Parkway in Weston, records and real estate database Vizzda show. The buyer paid roughly $242 a square foot for the facility. Ares’ purchase was also $23 million above the previous sale price six years ago. The seller, an affiliate of Boston-based Cabot Properties, paid $33 million for the 15.9-acre site in 2019, records show. The building was completed in 1995. Ares is among the most […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

This couple left their jobs to travel 160,000 km across the world in their Land Rover

The Shutdown Is Testing California’s Housing Market—and Its Luck

White House Starts Demolition on East Wing for Trump’s New Ballroom—Despite Promises That Construction Wouldn’t Interfere With Existing Structure

What a Government Shutdown Means for the Housing Market

Christina Haack Criticizes Ex Josh Hall’s Reaction to Her Divorce Remarks: ‘Not Exactly Masculine’

Live Local Act scorecard: 3K units completed, another 42K in the pipeline

Foolish Mortals or Bargain Buyers: 1 in 2 Americans Would Buy a Haunted House for the Right Price

Meta Development launches sales for boutique Brickell condo project

NBA Star Jrue Holiday Lists Sprawling Massachusetts Mansion for $6.9 Million After Portland Trail Blazers Trade

Kanye West Sells Wyoming Ranch Back to Original Owners for $14M as Rumors of Financial Troubles Mount—Weeks After His Former Hollywood Hills Property Hit the Market
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131