Ares acquires Class A distribution center in Houston's Northwest submarket
United States, April 21 -- JLL Capital Markets announced the sale of Fairbanks Northwest Distribution Center, a newly constructed, Class-A industrial property totaling 357,570 square feet in the Northwest Houston submarket.JLL represented the seller, Triten Real Estate Partners, in the transaction. An Ares Real Estate fund ("Ares") acquired the asset, and Marq Logistics, which represents Ares' vertically integrated global logistics real estate platform and is a leader in the development and operation of modern logistics facilities, will manage the property.The two-building campus at 7810 Fairbanks N Houston Rd. sits on 23.4 acres and features efficient cross-dock configurations designed to serve the dense residential population of Northwest...
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