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Blackstone Scoops Up 27-Building Midwest Industrial Portfolio in $400 Million Deal

Investor's $400 Million Deal Shows It's Still Hot on the Sector With Demand High for Last-Mile Space
Blackstone Group is picking up a 27-building warehouse portfolio in a sign that demand for distribution and fulfillment facilities is still strong. (Getty Images)
Blackstone Group is picking up a 27-building warehouse portfolio in a sign that demand for distribution and fulfillment facilities is still strong. (Getty Images)
By Jennifer Waters
CoStar News
February 19, 2020 | 5:06 P.M.

Blackstone Group, no stranger to oversized commercial real estate deals, is picking up a 27-building warehouse portfolio from CenterPoint Properties for $400 million as it bulks up its industrial holdings.

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