Blackstone unloads Van Nuys industrial buildings for $116M
Link Logistics continues to trim its industrial holdings in Los Angeles County. Blackstone’s industrial subsidiary sold two adjacent industrial properties totaling roughly 307,000 square feet in Van Nuys to San Diego-based private equity firm CIRE Equity for $116 million, Commercial Observer reported. The sale follows Link Logistics’ trade of a 265,418-square-foot industrial building in Torrance earlier this year for $123 million. CIRE plunked down approximately $51.9 million for the 16200 Roscoe Boulevard property and roughly $64.1 million for the neighboring complex at 8201–8221 Woodley Avenue. PGIM Real Estate provided $136.5 million in acquisition financing tied to the purchase. The properties […]This article originally appeared on The Real Deal. Click here to read the full story.
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