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Report: Blackstone in talks to acquire industrial portfolio from TA Realty

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Report: Blackstone in talks to acquire industrial portfolio from TA Realty

Blackstone Group Inc. is in talks to buy a portfolio of warehouses from TA Realty LLC, Crain's New York Business reported.

The properties are across New York, New Jersey, Massachusetts, California and Texas.

The Aug. 5 report noted that it was not immediately clear how much Blackstone would pay for the portfolio.

The properties include 11 warehouses near JFK Airport in New York City that range in size from roughly 6,000 square feet to nearly 100,000 square feet.

Earlier in 2019, Blackstone agreed to buy a U.S. industrial portfolio from Singapore's GLP Pte. Ltd. for $18.7 billion.