Key facts
- Blackstone's Link Logistics sold a 38-building industrial portfolio.
- The portfolio totals 5.9 million square feet.
- The sale price was approximately $1 billion.
- Stonemont Financial Group and PCCP are the buyers.
- The portfolio includes warehouses and distribution centers.
- The properties are located in markets including Austin, Dallas, and Phoenix.
Blackstone's industrial real estate arm, Link Logistics, has completed the sale of a large portfolio of 38 buildings, encompassing a total of 5.9 million square feet. The transaction, valued at approximately $1 billion, was acquired by Stonemont Financial Group in collaboration with PCCP. The portfolio consists of strategically located warehouses and distribution centers situated across several major U.S. markets, including Austin, Dallas, and Phoenix. This sale represents a significant divestment for Blackstone, highlighting a potential strategic realignment within its vast real estate holdings. The properties included in the deal are primarily focused on logistics and distribution, critical components of the modern supply chain. The involvement of Stonemont Financial Group and PCCP indicates continued investor interest in the industrial real estate sector, particularly in assets that support e-commerce and distribution networks. The specific terms of the partnership between Stonemont and PCCP were not disclosed, but their joint acquisition underscores the scale and appeal of the portfolio.