Blackstone Real Estate Income Trust Inc. picked up three warehouses in Aurora, Ill., from JPMorgan Chase & Co.'s JPMCB Strategic Property Fund for $151 million, Crain's Chicago Business reported, citing property records.
The Chicago-area properties included in the January transaction were an 860,000-square-foot warehouse at 1700 N. Edgelawn Drive, a 531,000-square-foot building at 2380 Sullivan Rd. and a 302,000-square-foot building at 2303 W. Indian Trail Road.
The Blackstone Group LP unit recently paid roughly $1.8 billion to acquire a U.S. industrial portfolio, including properties in the Chicago area.
Neither Blackstone nor J.P. Morgan commented on the matter, according to the publication.