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Blackstone Acquires $6 Billion Industrial Portfolio in Its Latest Warehouse Deal

Colony Capital to Sell Properties as it Moves to a Digital Real Estate Strategy
Blackstone Group, based in New York, is making its latest industrial property purchase. (Bloomberg/Getty Images)
Blackstone Group, based in New York, is making its latest industrial property purchase. (Bloomberg/Getty Images)
CoStar News
September 30, 2019 | 2:01 P.M.

Blackstone Group's desire for industrial assets appears to be growing along with the prospects for online shopping, with the private equity giant agreeing to acquire Colony Industrial, the industrial real estate assets platform of Colony Capital, for $5.9 billion.

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