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The sale marks a strategic shift single-tenant net lease properties.
It comes after the loan defaulted in November.
A generational divide emerges in attitudes towards return-to-office policies
The company hopes to add more than 1.3 million SF of office and retail to its portfolio.
The marina industry has attractive long-term prospects, Blackstone says.
Vacancies have dipped by 260,015 square feet year-over-year in 2024.
Its purchase closes the gap between Blackstone and KKR.
The portfolio takes up 34.8 acres.
That comes despite the area seeing a decline in 2024.
Sellers are opting to not sell at discounts.