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Blackstone acquires industrial portfolio for $950m
Transactions - SEPTEMBER 19, 2018

Blackstone acquires industrial portfolio for $950m

by Andrea Zander

Blackstone has agreed to pay approximately $950 million for an industrial portfolio owned by MDH Partners and Harvard University’s endowment, according to Real Estate Alert.

The portfolio consists of 104 properties, spanning 13.3 million square feet located in urban areas, which is almost all of MDH’s holdings. The firm owns more than14 million square feet in the fol­lowing markets: Atlanta; Charlotte, N.C.; Greenville, S.C.; Jackson­ville, Fla.; Louisville, Ken.; Memphis; Miami; Nashville; Norfolk, Va.; Orlando; Raleigh, N.C.; Richmond, Va.; Savannah, Ga.; Tampa, Fla.; and Winston-Salem, N.C.

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