Ares Management Acquires Nearly 400,000-SF Miami Industrial Portfolio

Ares Management, represented in the transaction by Michael Arougheti, acquired a two-property industrial portfolio at 13190 Northwest 17th Street in Miami and 3811 West 108th Street in Hialeah for $108,713,263. The properties total 387,623 square feet, placing the transaction at approximately $280 per square foot. The seller was Carly Alford Smith of Brookfield Real Estate. The sale closed August 28, 2026.

The transaction adds a substantial South Florida industrial holding to Ares Management’s portfolio at a time when large-scale logistics and warehouse assets continue to attract institutional capital.

The acquisition includes properties in two of Miami-Dade County’s established industrial areas. Together, the assets provide nearly 388,000 square feet of industrial space within a region supported by dense population, major transportation infrastructure and significant distribution activity.

At more than $108 million, the transaction also illustrates the scale of capital that remains active in South Florida industrial real estate. Large portfolio trades such as this can provide a useful benchmark for investors tracking values across Miami-Dade’s warehouse and logistics markets.