GREENVILLE, SC—Blackstone has sold a 1.2 million square foot industrial warehouse and distribution portfolio here for an undisclosed price. Sealy & Co. acquired the eight fully-leased buildings, which are located within the Greenville-Spartanburg Industrial market along the I-85 corridor.
Blackstone has amassed a formidable industrial portfolio in the past few years, while occasionally pruning its portfolio in one-off deals such as this one.
As for Sealy & Co., this acquisition marks its largest in 2020, the second largest in its history, and the first in South Carolina, which now accounts for the third most square footage in Sealy's portfolio behind Dallas and Memphis.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
