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Link Industrial Properties buys Atlanta warehouse properties for $202M

Link Industrial Properties, a fund affiliated with Blackstone Group LP, acquired Stone Mountain Industrial Park in the Tucker/Stone Mountain submarket of Atlanta for $202 million, the Atlanta Business Chronicle reported, citing DeKalb County records.

The portfolio, totaling 3.8 million square feet, was sold by Ackerman & Co. LLC in partnership with Investcorp in a deal that closed May 14, according to the report.

Cushman & Wakefield served as broker in the transaction, the report noted.