Ares Management Buys 94-Acre Plot of Land in Rancho Cucamonga for $313MM

Commercial Metals Company, Rancho Cucamonga, Jones LaSalle Brokerage, Ares Management Corporation

(EDITOR’S NOTE: The property is a 94.17 acre parcel of land located at 12343-12455 Arrow Route in Rancho Cucamonga. According to public documents, the property was acquired by Ares Management Corporation.)

IRVING, Texas, Jan. 4, 2022 — Commercial Metals Company (NYSE: CMC) today announced the completion of its previously reported process to sell a large parcel of land in Rancho Cucamonga, California.  The gross proceeds from this transaction total $313 million.  CMC was represented in the transaction by Jones Lang LaSalle Brokerage, Inc., a global commercial real estate services provider.

About Commercial Metals Company

Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metals products, and provide related materials and services through a network of facilities that includes seven electric arc furnace (“EAF”) mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.