{"id":1004800841,"date":"2026-06-03T03:51:28","date_gmt":"2026-06-03T11:51:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004800841"},"modified":"2026-06-03T03:51:30","modified_gmt":"2026-06-03T11:51:30","slug":"exclusive-ares-seefried-make-48m-chicago-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/","title":{"rendered":"Exclusive: Ares, Seefried Make $48M Chicago Deal"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a202a14d0469&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004792202\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-blackstone-ares-management-close-chicagoland-deal\/2520-w-haven-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2520 W. Haven Ave.\" data-image-description=\"&lt;p&gt;Image from YM&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 411,840-square-foot facility has 55 dock-high loading doors and one drive-in door. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg?w=640\" alt=\"Exterior shot of 2520 W. Haven Ave., an industrial facility in Joliet, Ill.\" class=\"wp-image-1004792202\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Earlier this year, Ares extended its Chicago presence with the acquisition of a 411,840-square-foot facility in Joliet, Ill. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Ares Management has acquired O\u2019Hare Logistics Center 16, a 190,606-square-foot industrial facility in Mount Prospect, Ill., according to Yardi Matrix information. Seefried Industrial Properties sold the asset for $48.3 million, or almost $254 per square foot.<\/p>\n\n\n\n<p>The deal comes on the heels of Ares Management\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-sells-dallas-warehouse\/\">sale of Tradepoint 45 East<\/a>, a 610,622-square-foot warehouse in Wilmer, Texas, after owning it for about a year. Cavender\u2019s acquired that property.<\/p>\n\n\n\n<p>Seefried acquired the 13-acre site of the property in July 2024 and demolished a vacant office building, then completed the existing warehouse last year. At the time of the sale, it was fully occupied by Accelerated Global Solutions, which committed to the space last August.<\/p>\n\n\n\n<p>Located at 1305 E. Algonquin Road, along the I-90 Golden Corridor, the distribution center is about 9 miles from Chicago O\u2019Hare International Airport and 21 miles from downtown Chicago. Illinois International Port District is 36 miles southeast. The warehouse has 36-foot maximum clear heights, two drive-in doors and 54 dock-high loading doors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ares-major-industrial-deals-of-2026\">Ares&#8217; major industrial deals of 2026<\/h2>\n\n\n\n<p>At the beginning of the year, Ares wrapped up a previously announced deal to take <a href=\"https:\/\/www.commercialsearch.com\/news\/ares-makarora-wrap-up-2-1b-plymouth-deal\/\">Plymouth Industrial REIT private<\/a>, a move valued at $2.1 billion. The company, together with Makora Management, acquired the trust in an all-cash transaction.<\/p>\n\n\n\n<p>After that, the company purchased a <a href=\"https:\/\/www.commercialsearch.com\/news\/ares-eyes-7-3-msf-industrial-portfolio-buy\/\">7.3 million-square-foot industrial portfolio<\/a> in a $650.2 million deal. The collection comprises 36 properties across 13 states and 18 markets. In metro Chicago, the firm extended its presence with the <a href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-blackstone-ares-management-close-chicagoland-deal\/\">acquisition of 250 W. Haven Ave.<\/a>, a 411,840-square-foot facility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A logistics company fully occupies the facility.<\/p>\n","protected":false},"author":3355,"featured_media":1004792202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21748,21783,13,21742],"tags":[44687,39726],"class_list":["post-1004800841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-industrial","category-investment","category-midwest","category-latest","tag-ares-management-corp","tag-seefried-industrial-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: Ares, Seefried Make $48M Chicago Deal - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Ares Management has acquired O\u2019Hare Logistics Center 16, a 190,606-square-foot industrial facility in Mount Prospect, Ill.\" \/>\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.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Ares, Seefried Make $48M Chicago Deal\" \/>\n<meta property=\"og:description\" content=\"Ares Management has acquired O\u2019Hare Logistics Center 16, a 190,606-square-foot industrial facility in Mount Prospect, Ill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-03T11:51:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-03T11:51:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/\",\"name\":\"Exclusive: Ares, Seefried Make $48M Chicago Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg\",\"datePublished\":\"2026-06-03T11:51:28+00:00\",\"dateModified\":\"2026-06-03T11:51:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Ares Management has acquired O\u2019Hare Logistics Center 16, a 190,606-square-foot industrial facility in Mount Prospect, Ill.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-ares-seefried-make-48m-chicago-deal\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/2520-W.-Haven-Ave.jpg\",\"width\":640,\"height\":480,\"caption\":\"The 411,840-square-foot facility has 55 dock-high loading doors and one drive-in door. 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