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What Will Blackstone Do With All That Centro Retail?

Now that Blackstone is set to be one of the largest strip-center landlords in the US, what are its plans for the retail empire?

By Ian Ritter | Updated on March 02, 2011

All of a sudden, Blackstone LP is set to be one of the larger strip-center owners in the country, after it proposed $9.4 billion acquisition of Centro Properties‘ 588 retail assets. By our count, that only puts it behind Kimco Realty and the combined REITs in the Inland Group of Companies as one of the largest strip-center owners in the country.

(Click here to see a map of Centro’s US retail holdings.)

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