A Los Angeles REIT continued its industrial accumulation with the purchase of a more than 1.6M SF portfolio in North Texas.
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An Ares Real Estate fund scooped up the industrial facilities in Tarrant County for an undisclosed amount. The portfolio consists of four properties in Arlington, Fort Worth and Northlake, the Dallas Business Journal reported.
The properties are 100% leased to six tenants, according to a release from JLL Capital Markets.
The ability of Dallas-Fort Worth’s industrial market to attract operators planning to expand or relocate was a big draw in the deal, JLL Capital Markets Senior Director Tom Weber said.
"This portfolio represents institutional-quality assets positioned to continue benefitting from the sustained demand driving Texas' emergence as the nation's dominant logistics and manufacturing hub, offering investors exposure to a market that consistently outperforms national trends," Weber said in a statement.
The facilities purchased by Ares are the Arlington Tech Center and the Northlake Business Center as well as the Fort Worth properties Riverbend Distribution Center and 35/820 @ Mercantile Center. The buildings were constructed between 1999 and 2017 and offer clear heights averaging 33 feet.
Ares Industrial Management will manage the nearly 123-acre portfolio.
The two Fort Worth properties were owned by WPT Reeves Place LP and WPT Sylvania Avenue LP, the DBJ reported.
JLL’s Weber, Trent Agnew, Pauli Kerr, Keenan Ryan and Brennan Fewin represented the seller.
DFW’s more than $2.3B in industrial transactions in 2025 leads the nation, according to the latest report from CommercialCafe. The Metroplex also continues to lead the pack in industrial space under construction, with nearly 31M SF in the pipeline.
The transaction continues Ares’ growth in the industrial sector. Ares Management Corp. acquired Singapore-based GLP Capital Partners' industrial asset manager for $3.7B last year. The deal made Ares the third-largest industrial landlord worldwide, the private equity manager said at the time.
Ares spent $120M on a South Florida industrial portfolio in a deal with Blackstone in April.
Ares Management also teamed up with Koch Real Estate Investments, Goldman Sachs and Argonne Capital Group in March to buy a $1.1B portfolio of 59 multitenant retail assets from REIT Global Net Lease.
