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Highlights
Ares Management purchased a 10-property, 717,000-square-foot light industrial portfolio from High Street Logistics for $84 million, or $117 per square foot.
The acquired properties are found across Will, DuPage and Kane counties, are currently 84 percent leased to 19 tenants, and have an average age of 25 years.
The seller, High Street Logistics, originally assembled the portfolio for $62 million between 2020 and 2022.