NEW YORK CITY-Blackstone Group is acquiring 69 warehouse properties totaling 16 million square feet for $800 million, according to a person familiar with the deal. Dexus Property Group is the owner of the properties situated across the Midwest, Mid-Atlantic and Southern regions of the US. Dexus hired an agent earlier in 2012 to sell all of its industrial assets outside the west coast.
According to Dexus, the value of its industrial properties in the US was $1.3 billion as of December 31, 2011. For the full story, go to Crain's New York Business .
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