Blackstone to Sell Industrial Portfolio to Prologis for $3.1 Billion
06.26.23
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Simpson Thacher is representing Blackstone in its recently announced $3.1 billion sale of a 14 million square foot industrial portfolio to Prologis, Inc. The transaction, which is one of the largest commercial real-estate deals of 2023, is expected to close by the end of the second quarter. Over the past 11 years, Blackstone and Prologis have completed more than a dozen transactions together and Simpson Thacher has been involved in nearly all of them.
The Simpson Thacher team includes Sas Mehrara, Robert Vogel, Michael Scala, Sheryl Koretz, Ryan Kesselring, Helene Marie Snyder, Jonathan Hoffman and Isabelle McAlevey (Real Estate). Summer Associates Morgan Brody, Jacob Melnick and Hannah Marose provided invaluable assistance.