{"id":40147,"date":"2024-10-14T07:26:39","date_gmt":"2024-10-14T04:26:39","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=40147"},"modified":"2024-10-11T11:37:54","modified_gmt":"2024-10-11T08:37:54","slug":"ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/","title":{"rendered":"Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million"},"content":{"rendered":"

A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.<\/p>\n

Located at 9695 NW 174th St. \u2014 just west of where Florida\u2019s Turnpike intersects with Interstate 75 \u2014 Miami Midway Park comprises four buildings totaling 505,518 square feet of industrial space. The land on which the complex is built was originally acquired in 2021 for $32.1 million<\/a>, and construction was completed this summer.<\/p>\n

Currently, 52% of the park is leased to three tenants: Logistics Plus occupies a full building of 181,051 square feet, while GLB Solutions and General Components International lease 51,788 and 27,430 square feet, respectively. Butters Realty & Management and Street State Realty are handling leasing.<\/p>\n

Ares Industrial Management, led by CEO, Michael Arougheti, is a prominent institutional investor in south Florida. In addition to this industrial park acquisition, Ares recently completed a $139.7 million purchase of a 284-unit apartment building in Boca Raton, Fla. Named Ceru, the eight-story project located at 5205 Congress Ave., was previously owned by Mainstreet Capital Partners.<\/p>\n

Finally, Ares also acquired a development site in Hialeah for $111.1 million. It plans to build a three-building industrial complex.<\/p>\n

Looking to rent commercial space in Miami or other major U.S. markets? Select any of the markets linked below to view the local listing or visit the\u00a0<\/em>CommercialCafe.com<\/em><\/a>\u00a0home page to start your search!<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Manhattan commercial real estate<\/a><\/td>Los Angeles commercial real estate<\/a><\/td>\n<\/tr>\n
Houston commercial real estate<\/a><\/td>Chicago commercial real estate<\/a><\/td>\n<\/tr>\n
Dallas commercial real estate<\/a><\/td>San Francisco commercial real estate<\/a><\/td>\n<\/tr>\n
Austin commercial real estate<\/a><\/td>Seattle commercial real estate<\/a><\/td>\n<\/tr>\n
Charlotte commercial real estate<\/a><\/td>Las Vegas commercial real estate<\/a><\/td>\n<\/tr>\n
Boston commercial real estate<\/a><\/td>Denver commercial real estate<\/a><\/td>\n<\/tr>\n
Atlanta commercial real estate<\/a><\/td>Washington, D.C. commercial real estate<\/a><\/td>\n<\/tr>\n
Miami commercial real estate<\/a><\/td>Brooklyn commercial real estate<\/a><\/td>\n<\/tr>\n
Irvine commercial real estate<\/a><\/td>Philadelphia commercial real estate<\/a><\/td>\n<\/tr>\n
Phoenix commercial real estate<\/a><\/td>San Diego commercial real estate<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.<\/p>\n","protected":false},"author":56,"featured_media":40148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,41],"tags":[],"class_list":["post-40147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-industrial","wpautop"],"acf":[],"yoast_head":"\nAres Industrial Management Nabs Miami Warehouse | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Ares Industrial Management acquired the 23.1-acre Miami Midway Park for $147 million in the largest industrial sale in south Florida so far this year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million\" \/>\n<meta property=\"og:description\" content=\"Ares Industrial Management acquired the 23.1-acre Miami Midway Park for $147 million in the largest industrial sale in south Florida so far this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-14T04:26:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1980\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/\",\"name\":\"Ares Industrial Management Nabs Miami Warehouse | CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg\",\"datePublished\":\"2024-10-14T04:26:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241\"},\"description\":\"Ares Industrial Management acquired the 23.1-acre Miami Midway Park for $147 million in the largest industrial sale in south Florida so far this year.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg\",\"width\":1980,\"height\":1280,\"caption\":\"industrial building interior\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241\",\"name\":\"Diana Sabau\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93\",\"caption\":\"Diana Sabau\"},\"description\":\"Drawing on years of intense research in the U.S. commercial real estate market at Yardi Matrix, Diana now applies her expertise as a writer for the CommercialCafe blog. Her articles focus on CRE investment, labor market trends, and technology, and have been picked up by prestigious publications including the New York Times, GlobeSt, The Real Deal, NAIOP, MSN, and Bisnow.\",\"sameAs\":[\"diana.sabau@yardi.com\"],\"jobTitle\":\"Senior Content Writer, CRE News & Market Analysis\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/diana-sabau\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ares Industrial Management Nabs Miami Warehouse | CommercialCafe","description":"Ares Industrial Management acquired the 23.1-acre Miami Midway Park for $147 million in the largest industrial sale in south Florida so far this year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/","og_locale":"en_US","og_type":"article","og_title":"Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million","og_description":"Ares Industrial Management acquired the 23.1-acre Miami Midway Park for $147 million in the largest industrial sale in south Florida so far this year.","og_url":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/","og_site_name":"CommercialCafe","article_published_time":"2024-10-14T04:26:39+00:00","og_image":[{"width":1980,"height":1280,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg","type":"image\/jpeg"}],"author":"Diana Sabau","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Diana Sabau","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/","url":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/","name":"Ares Industrial Management Nabs Miami Warehouse | CommercialCafe","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg","datePublished":"2024-10-14T04:26:39+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241"},"description":"Ares Industrial Management acquired the 23.1-acre Miami Midway Park for $147 million in the largest industrial sale in south Florida so far this year.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg","width":1980,"height":1280,"caption":"industrial building interior"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/ares-industrial-management-buys-new-4-building-warehousing-complex-in-miami-for-147-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241","name":"Diana Sabau","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93","caption":"Diana Sabau"},"description":"Drawing on years of intense research in the U.S. commercial real estate market at Yardi Matrix, Diana now applies her expertise as a writer for the CommercialCafe blog. Her articles focus on CRE investment, labor market trends, and technology, and have been picked up by prestigious publications including the New York Times, GlobeSt, The Real Deal, NAIOP, MSN, and Bisnow.","sameAs":["diana.sabau@yardi.com"],"jobTitle":"Senior Content Writer, CRE News & Market Analysis","url":"https:\/\/www.commercialcafe.com\/blog\/author\/diana-sabau\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/10\/warehouse-interior.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/40147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=40147"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/40147\/revisions"}],"predecessor-version":[{"id":40150,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/40147\/revisions\/40150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/40148"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=40147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=40147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=40147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}