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Report: Blackstone pays $130M for Brooklyn, NY, shopping center


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Report: Blackstone pays $130M for Brooklyn, NY, shopping center

Private equity giant The Blackstone Group Inc. acquired Canarsie Plaza, a 274,000-square-foot shopping center, in southeast Brooklyn, N.Y., for about $130 million, The Real Deal reported, citing unnamed sources.

The property, anchored by BJ's Wholesale Club Inc., was sold by CIM Group LLC.

Separately, Blackstone Capital Partners VIII LP disclosed in a SEC filing that it received $24.50 billion in capital commitments from 230 investors, reaching its total offering amount.

The amount includes the general partner's commitment and sales in parallel funds. The private equity fund was earlier reported to have raised $26 billion.

A representative for Blackstone did not comment on Canarsie Plaza transaction, while a spokesperson for CIM did not answer a request for comment, according to The Real Deal.

Compass Group Global Advisors SA, NH Investment & Securities Co. Ltd. and Merrill Lynch Pierce Fenner & Smith Inc. are the placement agents for the Blackstone Capital Partners VIII fund.