PCCP, Stonemont Close on $1B-Plus Acquisition of Blackstone Industrial Portfolio
PCCP and Stonemont Financial Group have successfully acquired a 5.9 million-square-foot industrial portfolio from Blackstone for over $1 billion. The portfolio comprises 38 assets across 14 markets in 10 states, with Eastdil Secured advising on the off-market transaction. The joint venture plans to focus …