EastGroup Properties, Inc. (NYSE:EGP) acquired Spanish Ridge Industrial Park from Ares Management Corporation (NYSE:ARES) for $55 million on January 31, 2024.

EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of Spanish Ridge Industrial Park from Ares Management Corporation (NYSE:ARES)on January 31, 2024. Newmark Executive Managing Directors Andrew Briner and Bret Hardy represented the sellers, CapRock Partners and Ares Asset Management in the transaction.