Blackstone Group, the world's largest commercial property owner, agreed to pay $7.6 billion for PS Business Parks, the owner of 27 million square feet of commercial properties consisting primarily of industrial and industrial-flex space that appeals to small and midsize companies.
Blackstone To Buy PS Business Parks for $7.6 Billion in Latest Industrial Deal
Portfolio Being Acquired Includes ‘High-Demand’ Distribution Space in Coastal Markets
By Andria Cheng
CoStar News
April 25, 2022 | 4:21 P.M.
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IN THIS ARTICLE
- Properties
- Wiegman Distribution Center I
31157 Wiegman Rd, Hayward, CA
- Companies
- PS Business Parks, Inc.
Real Estate