Link Logistics Sells $1 Billion Industrial Portfolio to Stonemont
Blackstone’s Link Logistics has sold a portfolio of 38 industrial properties totaling 5.9 million square feet for approximately $1 billion to Stonemont Financial Group and PCCP, according to Bloomberg News. The assets are located in high-growth U.S. markets including Austin, Dallas, Phoenix, Charlotte, and Central Florida—regions benefiting from logistics expansion and cross-border trade. These properties feature stable long-term tenants and a mix of bulk and light-industrial buildings. The deal was financed by JPMorgan Chase and Wells Fargo with Eastdil Secured advising on the debt structure. Stonemont plans to continue acquiring industrial assets as it manages $5.3 billion in total assets, while PCCP brings significant investment experience from its Los Angeles headquarters. The transaction highlights continued strong demand for logistics real estate driven by e-commerce growth, AI infrastructure needs, and constrained supply. Blackstone remains bullish on the sector, managing over $170 billion globally in logistics assets. Low vacancy rates and a sharp decline in new construction have further supported pricing power and investor confidence.
Topics: Blackstone commercial real estate logistics M&A