Blackstone Group Acquires $500M Southern California Industrial Portfolio

January 25, 2021

Blackstone Group purchased a $500M industrial portfolio in Southern California from Principal Real Estate Investors, the real estate investment arm of Principal Financial Group.  The 4 million square foot portfolio includes warehouses, distribution centers and other industrial property, and supports Blackstone's effort to amass property in the U.S. and Europe that supports logistics operations.

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