{"id":390509,"date":"2026-09-04T17:30:21","date_gmt":"2026-09-04T17:30:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/390509\/"},"modified":"2026-09-04T17:30:21","modified_gmt":"2026-09-04T17:30:21","slug":"ares-buys-two-fully-leased-miami-warehouses-for-109m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/390509\/","title":{"rendered":"Ares Buys Two Fully Leased Miami Warehouses for $109M \u2013 Commercial Observer"},"content":{"rendered":"

Ares Management<\/a> has acquired two fully leased warehouses in Miami-Dade County from BGRE<\/a> for a combined $108.7 million, property records show.\u00a0<\/p>\n

In the larger transaction, the L.A.-based asset manager paid $65.3 million for a 230,147-square-foot, 15-acre distribution center at 3811 West 108th Street, located between Florida Turnpike and Interstate 75 in Hialeah.\u00a0<\/p>\n

SEE ALSO: Anthony Cohen of Northmarq: 5 Questions<\/a><\/p>\n

National retailer Target is the distribution center\u2019s sole tenant after signing a 10-year lease in 2022 with two five-year extension options, according to county records.\u00a0<\/p>\n

In the second sale, Ares Management paid $43.4 million for a 142,472-square-foot, 8-acre warehouse about 13 miles south at 13190 Northwest 17th Street, west of the Florida Turnpike, near Sweetwater. E-commerce parcel delivery company LaserShip has leased the entire property.\u00a0<\/p>\n

BGRE, formerly called Brookfield Properties<\/a>, developed both buildings, completing them between 2022 and 2023.\u00a0<\/p>\n

Since opening an office in Miami Beach in 2024, Ares Management has been making inroads in South Florida\u2019s industrial market. Last year, it purchased a 230,976-square-foot warehouse in Weston for $56 million<\/a> as well as a 456,219-square-foot industrial portfolio in Broward County for $121 million<\/a>.<\/p>\n

A spokesperson for Ares declined to comment, while a representative for BGRE did not immediately respond to requests for comment.\u00a0<\/p>\n

Julia Echikson can be reached at jechikson@commercialobserver.com<\/a>.\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Ares Management has acquired two fully leased warehouses in Miami-Dade County from BGRE for a combined $108.7 million,…\n","protected":false},"author":2,"featured_media":390510,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[156155,156156,8001,20157,123,125,124],"class_list":["post-390509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-13190-northwest-17th-street","tag-3811-west-108th-street","tag-channel","tag-investments-sales","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/390509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=390509"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/390509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/390510"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=390509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=390509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=390509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}