X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Andrew Rybczynski, senior consultant at the CoStar Group Andrew Rybczynski, senior consultant at the CoStar Group

NEW YORK CITY—Blackstone’s purchase of 179 million square feet of urban logistics assets from GLP for $18.7 billion broke the record as the largest private real estate transaction globally. The private equity, alternative asset management and financial services company is focusing on logistics, building their portfolio in response to growing e-commerce.

The CoStar Group, a leading commercial real estate research and analytics firm, took a closer look at the deal, including the properties at stake. CoStar’s senior consultant Andrew Rybczynski says their records indicate Blackstone previously owned approximately 55% of the square footage of the portfolio that they acquired in June.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.