Ares Management has paid $151.3 million to PGIM Real Estate for six industrial properties in Laurel, Maryland, according to Yardi Matrix information. The buildings sit just off U.S. Route 1, roughly midway between downtown Washington, D.C., and Baltimore, in a region that has seen strong investment activity this year.
The six assets, identified as buildings E through J, are part of the Brick Yard industrial park on Mid Atlantic Boulevard, according to CommercialSearch. The buildings were completed either in 2008 or in 2015, and together they offer between five and 43 dock-high loading doors and three to 13 grade-level loading doors, per the same report. Buildings H and I feature clear heights ranging from 24 to 28 feet, while Building E alone totals 50,490 square feet at 13261 Mid Atlantic Boulevard.
A Master Plan With Room to Grow
Brick Yard Industrial Park is part of a larger 125-acre master plan that includes a 10-building industrial component spread across 70 acres, plus a separate residential section, the outlet reports. Developer Jackson Shaw describes the industrial piece, known as Brick Yard Urban Industrial, as planned for more than 700,000 square feet of buildings on that 70-acre footprint, according to the developer's own project page.
The properties sit near Interstate 95 and Maryland State Routes 32, 197 and 198, and are located across the road from a Maryland national memorial, placing them within easy reach of both the Washington and Baltimore labor pools, with Baltimore roughly 24 miles from the properties. That location has become a selling point in itself as logistics tenants look for space between the two metro areas rather than deep inside either one.
A Hot Stretch for Washington-Area Warehouses
Industrial investment activity has strengthened across metro Washington, D.C. this year, and the second quarter of 2026 marked the market's second-strongest three-month period on record, per CommercialSearch's reporting. Through June, the average industrial sale price in the metro area climbed 4.2 percent year over year to a record $250 per square foot, the same source notes. KLNB's quarterly review found that Maryland and Northern Virginia industrial markets both benefited from improving absorption, stable vacancy rates, and continued demand from logistics, manufacturing, technology, and service-oriented tenants, according to KLNB.
Not every data provider agrees on how much new supply is in the pipeline. Matthews put industrial construction in the Washington market at roughly 42.8 million square feet under construction in the second quarter, including about 3 million square feet of logistics space, according to Matthews. Savills, by contrast, reported just 0.7 million square feet of industrial construction underway in Washington, D.C. during the same quarter, down more than 50 percent from a year earlier, per Savills' own research. The two firms do not reconcile the gap, which may reflect differing market boundaries or methodologies.
Deliveries Keep Landing as Investors Chase Deals
Newmark's third-quarter figures show the broader Washington Metro industrial market absorbing more than 850,000 square feet on a net basis while adding approximately 750,000 square feet of new deliveries, according to Newmark. CommercialSearch's report also points to renewed institutional interest from investors in suburban Virginia and Maryland markets including the Dulles corridor, Manassas and Prince George's County, suggesting the Laurel sale fits a broader pattern of capital returning to the region's industrial sector.
Other recent deals illustrate that pattern. Starwood Capital Group acquired a 630,000-square-foot industrial asset at 220 Centreport Parkway in Fredericksburg, Virginia, for $146.3 million, or $232 per square foot, per CommercialSearch. In Prince George's County, an investment affiliate of 1788 Holdings paid $15 million for a 103,000-square-foot industrial building at 51 Ritchie Road in Capitol Heights, a roughly eight-acre site that includes two acres of outside storage land, according to The Daily Record. Separately, Catalyst bought an industrial site elsewhere in Prince George's County for $6.7 million, as reported by Washington Business Journal.
Ares Management itself has been active on the financing side of industrial real estate as well. An Ares real estate fund previously landed a $150 million loan for a separate six-property, 1.8 million-square-foot industrial portfolio, according to a prior CommercialSearch report. Between the financing activity and the new Laurel acquisition, the firm's footprint in Mid-Atlantic industrial real estate continues to expand alongside a market that, by multiple accounts, is posting some of its strongest numbers in years.
