Blackstone Real Estate Sells Industrial Portfolio to Terreno Realty Corporation for $426.9 Million
Simpson Thacher represented Blackstone Real Estate in connection with the sale of an industrial portfolio to Terreno Realty Corporation for a total purchase price of $426.9 million. The portfolio includes nine industrial distribution buildings in Woodinville, Washington, two industrial buildings in Doral, Florida and one industrial building in Kearny, New Jersey. The assets closed in the third quarter of 2025.
The Simpson Thacher team included Sas Mehrara, Alexa Effron, Philip Titcomb, Joshua Schub and Abigail Drucker (Real Estate); Nancy Mehlman and Angela Sbano (Tax).