Blackstone Extends Its Bet on Warehouses With Iron Mountain Deal
- Private equity giant to acquire 13 properties for $358 million
- E-commerce boom has fueled demand for warehouses in the U.S.
This article is for subscribers only.
Blackstone Group Inc. is expanding its industrial real estate holdings, snapping up more than a dozen facilities in a deal with Iron Mountain Inc.
The $358 million transaction includes 13 properties located mainly in California, northern New Jersey and Pennsylvania’s Lehigh Valley, according to a statement Thursday.