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Exterior of warehouse Cabot Industrial Value Fund IV acquired this Northlake, TX warehouse in 2013. (Photo courtesy of Yardi Matrix)

NEW YORK CITY—Three years after reaching a deal to sell its IndCor platform to a partnership of GLP and GIC Pte. Ltd., the Blackstone Group is ramping up again in the US industrial sector. Its non-traded Blackstone Real Estate Income Trust has signed an agreement to buy a 21.7-million-square-foot industrial portfolio from a Cabot Properties fund for approximately $1.8 billion.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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