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The firm purchased the fully-leased, 145,144-square-foot, class A, distribution center from Goldman Sachs Asset Management and Blumenfeld Development Group Ltd.
Fleet Financial Group has received approval for its 350,178-SF, hotel and residential development, Eastern Emerald, which is expected to be complete in 2024.
Black Creek's 25-year experience in the industrial sector should further drive operating, sourcing and informational advantages for its Ares Real Estate Group's fund investors.