Blackstone Real Estate is making a bigger bet on data centers.

Funds affiliated with Blackstone Real Estate have formed joint ventures with Corporate Office Properties Trust (COPT). Those ventures will acquire interests in eight single-tenant, data center shell properties totaling 1.3 million square feet and valued at $293 million.

This is the latest in several deals between COPT and Blackstone.

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Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.

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