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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
