Wednesday, April 18, 2012

Dallas-area industrial properties sold to Blackstone


More than a dozen Dallas-Fort Worth area industrial buildings are included in a huge sale by an Australian investor.
Sydney-based Dexus Property Group said this week that it is selling 65 U.S. properties it owns for $770 million to Blackstone Real Estate Partners of New York.
The acquisition is being described as one of the largest such recent purchases of U.S. industrial properties.
The acquistion includes more than 16 million square feet of warehouse space located in almost a dozen major U.S. markets.
The Dallas-area properties purchased by Blackstone are valued at more than $101 million and contain more than 2 million square feet of space.
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