Blackstone buys US industrial portfolio for $5.7bn

Industrial Workers

Colony Capital completed the sale of its Light Industrial logistics assets and its affiliated industrial operating platform to an affiliate of Blackstone for $5.7 billion (£4.3bn).

The sale includes around 60m sq ft of last-mile, infill light industrial assets consisting of 465 assets in 26 markets across the US, with significant concentration in Atlanta, Chicago, Dallas, Florida and New Jersey. The aggregate net sales proceeds to Colony are approximately $1.2bn.

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