
Industrial Developers Hit the Brakes as Vacancies Rise
After a scramble for far-flung sites suitable for massive distribution centers, developers are adopting a defensive strategy as many of the latest generation of projects sit vacant.
After a scramble for far-flung sites suitable for massive distribution centers, developers are adopting a defensive strategy as many of the latest generation of projects sit vacant.
In its second big-ticket Bay State transaction this month, Blackstone’s Link Logistics paid $175 million for six suburban Massachusetts industrial properties.
An investment platform established by Blackstone Real Estate in 2019 to tap into the growth of e-commerce facilities has acquired a pair of Amazon-leased properties in Northborough for $153.5 million.