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PCCP, Stonemont bet on industrial property recovery with $1 billion buy

Blackstone's Link Logistics sells 38-property portfolio
PCCP is on an industrial buying spree. The firm and partners acquired an Amazon fulfillment center in Las Vegas from Blackstone in February and recently acquired another 38 properties from the firm's subsidiary Link Logistics in a July sale. (CoStar)
PCCP is on an industrial buying spree. The firm and partners acquired an Amazon fulfillment center in Las Vegas from Blackstone in February and recently acquired another 38 properties from the firm's subsidiary Link Logistics in a July sale. (CoStar)

Institutional investors are once again making billion-dollar bets on U.S. warehouses as they position themselves for what many expect to be the next phase of the industrial market’s recovery.

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