{"id":1004754136,"date":"2025-04-10T06:16:45","date_gmt":"2025-04-10T14:16:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004754136"},"modified":"2025-04-10T06:40:10","modified_gmt":"2025-04-10T14:40:10","slug":"blackstone-snaps-up-6-msf-industrial-portfolio-for-718m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-snaps-up-6-msf-industrial-portfolio-for-718m\/","title":{"rendered":"Blackstone Snaps Up 6 MSF Industrial Portfolio for $718M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"926\" height=\"695\" data-attachment-id=\"1004744878\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/1300-wigwam-parkway-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg\" data-orig-size=\"926,695\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1300 Wigwam Parkway\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg?w=926\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg\" alt=\"Exterior shot of the industrial building at 1300 Wigwam Parkway in Henderson, Nev.\" class=\"wp-image-1004744878\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg 926w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/1300-Wigwam-Parkway-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 926px) 100vw, 926px\" \/><\/a><figcaption class=\"wp-element-caption\">In January, Blackstone sold a 21-building industrial portfolio totaling 2.1 million square feet across five major markets, including the facility at 1300 Wigwam Parkway in Henderson, Nev. <em>Image courtesy of Dalfen Industrial<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In a $718 million deal, Core-plus funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings. The portfolio includes 25 Class A buildings spanning 6 million square feet and is primarily situated in high-barrier submarkets within the Dallas and Houston metros.<\/p>\n\n\n\n<p>The transaction is expected to close in the next quarter. Crow Holdings and its partners will retain a 5 percent interest in the assets.<\/p>\n\n\n\n<p>The value of Blackstone\u2019s warehouse portfolio North America currently exceeds $90 billion. The firm will continue to focus on logistic hubs as vacancy rates remain low and new construction starts decreased more than 80 percent from the 2022 peak, according to a company statement. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-blackstone-s-recent-deals\">Blackstone\u2019s recent deals<\/h2>\n\n\n\n<p>At the beginning of the year, <a href=\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-dalfen-pay-293m-for-blackstone-industrial-portfolio\/\">Blackstone sold a 21-building<\/a>, 2.1 million-square-foot industrial portfolio for $293 million. A partnership between Goldman Sachs Alternatives and Dalfen Industrial acquired the last-mile facilities in Dallas, Philadelphia, Pennsylvania, Cincinnati and Las Vegas.<\/p>\n\n\n\n<p>A month later, Blackstone Real Estate Partners X <a href=\"https:\/\/www.commercialsearch.com\/news\/4b-blackstone-retail-deal-gets-green-light\/\">received approvals<\/a> from Retail Opportunity Investments Corp.\u2019s shareholders for the merger agreement proposed in November. The all-cash deal was valued at approximately $4 billion, with Blackstone acquiring all outstanding shares of ROIC\u2019s common stock at $17.50 per share.<\/p>\n\n\n\n<p>Additionally, Blackstone closed an <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-8b-real-estate-debt-fund\/\">$8 billion real estate debt fund<\/a> dubbed Blackstone Real Estate Debt Strategies V in March. This vehicle is the second of its kind to secure such a large capital commitment and will focus on corporate credit, liquid securities, global lending and structured solutions for banks, insurance, and mortgage companies in North America, Europe, and Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Core-plus funds affiliated with the company will purchase a 95 percent stake from Crow Holdings.<\/p>\n","protected":false},"author":3355,"featured_media":1004744878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21808,1589,21748,21783,23891,21742,51973],"tags":[32892,37358],"class_list":["post-1004754136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-featured","category-houston","category-industrial","category-investment","category-national","category-latest","category-southwest","tag-blackstone","tag-crow-holdings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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