Phoenix industrial portfolio sold to an Ares Real Estate fund
United States, Oct. 2 -- JLL Capital Markets announced today the sale of Marigold Two-Pack, a two-building industrial portfolio totaling 237,765 square feet located in premier infill submarkets of Metro Phoenix.JLL represented the seller in the sale to an Ares Real Estate fund. Ares Industrial Management, a leading owner and operator of logistics facilities, will manage the portfolio.The portfolio consists of a 100,000-square-foot property in the Southwest Valley submarket and a 137,765-square-foot asset in the Airport Area submarket. The Marigold Two-Pack offers timeless and functional design and amenities, including secured and gated yards, 22- to 30-foot clear heights, ample dock-high and grade-level loading, excess parking and low offic...
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