{"id":1004349689,"date":"2019-09-03T12:01:48","date_gmt":"2019-09-03T20:01:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004349689"},"modified":"2019-09-04T07:29:18","modified_gmt":"2019-09-04T15:29:18","slug":"blackstone-aew-capital-funds-buy-1b-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-aew-capital-funds-buy-1b-industrial-portfolio\/","title":{"rendered":"TA Realty Tallies $1B From Industrial Sales"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay<\/em><\/p><\/div>\n

TA Realty, on behalf of one of its closed-end funds, has sold an 8.3 million-square-foot logistics portfolio for $1 billion to two buyers, in separate transactions. AEW Capital Management acquired 28 Texas properties in the portfolio, while funds managed by The Blackstone Group acquired 68 properties across 10 metros in the U.S.<\/p>\n

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READ ALSO:<\/strong> Stockbridge Scores $350M Financing for Logistics Deal<\/a><\/p>\n

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A TA Realty team including Greg Bonomo, Ridgley Provencal and Luke Marchand were involved in the transactions, while CBRE National Partners represented TA Realty in the deal negotiations. The multi-tenant properties are located in 14 high-growth markets across the U.S. and house more than 325 tenants. As of July, the portfolio was 91 percent occupied.<\/p>\n

The industrial market in the U.S. has continued to show its power<\/a> in recent months, according to a recent market outlook from Colliers International. Nationwide, the vacancy rate for industrial space is 4.9 percent, while a record amount of new space\u2014306.1 million square feet\u2014is currently under construction.<\/p>\n

TA Realty has been on a selling streak in recent months. Last month, the company sold a four-building office property<\/a> in Bellevue, Wash., to a joint venture of SteelWave and Ares Management for $55.3 million. Prior to that, TA Realty sold a suburban office property<\/a> in Orange County, Calif., for $33.5 million in May, and a multifamily asset in the Dallas area for nearly $50 million<\/a> in February.<\/p>\n","protected":false},"excerpt":{"rendered":"

In two separate transactions, Blackstone added 68 properties to its industrial holdings and AEW bought 28 assets in Texas.<\/p>\n","protected":false},"author":745,"featured_media":1004506710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,23891,21742],"tags":[33758,33129],"class_list":["post-1004349689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-national","category-latest","tag-aew-capital-management","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nTA Realty Tallies $1B From Industrial Sales - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-aew-capital-funds-buy-1b-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TA Realty Tallies $1B From Industrial Sales\" \/>\n<meta property=\"og:description\" content=\"In two separate transactions, Blackstone added 68 properties to its industrial holdings and AEW bought 28 assets in Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-aew-capital-funds-buy-1b-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-03T20:01:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-04T15:29:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/industrial-news-09.-Image-via-Pixabay.com_-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-aew-capital-funds-buy-1b-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-aew-capital-funds-buy-1b-industrial-portfolio\/\",\"name\":\"TA Realty Tallies $1B From Industrial Sales - 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