Thursday, August 8, 2013

Lehman Bros. Sells Warehouse Portfolio to ProLogis, Blackstone




National Commercial Real Estate News From CoStar Group





Lehman Bros. Sells Warehouse Portfolio to ProLogis, Blackstone



A partnership controlled by Lehman Brothers Holdings Inc. has closed the sale of a 17.7 million-square-foot industrial portfolio of properties located primarily in Reno and Las Vegas, NV, Central Pennsylvania and southern New Jersey.

The portfolio was sold in separate transactions to two buyers, with affiliates of Blackstone Real Estate Partners VII acquiring the Reno assets, which will be managed by IndCor Properties, Blackstone's national industrial...






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