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Blackstone Sells $1B Industrial Portfolio To Atlanta-Based Investor
['Jarred Schenke']
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An Atlanta-based real estate investment firm is adding $1B in warehouses and distribution centers to its portfolio from Blackstone's Link Logistics.
The projects add to Stonemont’s 15M SF industrial portfolio.
“These assets, which consist of bulk and light industrial properties, come with a stable, long-term tenant base.”
Absorption leaders included Houston at 7.6M SF, Dallas-Fort Worth at 4.7M SF, and Atlanta at 4.5M SF.
Link said the artificial intelligence revolution has benefited its industrial portfolio, with 15% of new leases linked to data center-related tenants, Bloomberg reported.