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Blackstone REIT Agrees To Buy Canada’s WPT Industrial for US$3.1 Billion

Latest Bet on E-Commerce Growth Includes 37.5 Million Square Feet of Distribution Space in 19 US States
The Amazon fulfillment center at Salt River Business Park in Shepherdsville, Kentucky, is among WPT Industrial’s largest properties. (CoStar)
The Amazon fulfillment center at Salt River Business Park in Shepherdsville, Kentucky, is among WPT Industrial’s largest properties. (CoStar)
CoStar News
August 9, 2021 | 4:40 P.M.

Blackstone Real Estate Income Trust, looking to capitalize more on the growth of online shopping, is further expanding its industrial holdings in the United States by agreeing to buy Toronto-based WPT Industrial Real Estate Investment Trust.

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