Deal Snapshot
ARES REAL ESTATE GROUP, SPECHT DEVELOPMENT PARTNER TO ACQUIRE OREGON INDUSTRIAL FACILITY
Thursday 08 November 2018

A joint venture between real estate funds managed by Ares Management, L.P. (NYSE: ARES) and an affiliate of Specht Development, Inc. have formed a joint venture to acquire a 952,190-square-foot industrial facility in Milwaukie, Oregon for USD 48.5m, the company said.
This property is currently used as a distribution centre for grocery wholesaler and retailer SUPERVALU, which will continue to occupy the facility.


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Details
Date Published: 08/11/2018
Target: Industrial facility in Milwaukie, Oregon
Country: USA
Deal Size: 48.5m (USD)
Sector: Construction/Real Estate
Type: JV
Financing: Cash
Status: Closed
Vendor:
Buyer: Ares Management, affiliate of,  Specht Development
Comment:


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