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Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal - Harborside Partners Inc
Blackstone’s $18.7 billion deal with GLP PTE will almost double its U.S. industrial footprint. (Bloomberg)—The mall is now a warehouse, and Blackstone Group LP is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon.com …