What Blackstone’s purchase of $18 billion worth of warehouse space tells us about e-commerce.
What Blackstone’s purchase of $18 billion worth of warehouse space tells us about e-commerce.
Logistics warehouses have emerged as the battleground for e-commerce sites trying to lure customers with one-day delivery. Now Blackstone Group is betting big on logistics, paying $18.7 billion for 179 million square feet of warehouse spaces in urban areas around the country. The move makes Blackstone a major player in the warehouse space, doubling its logistics holdings. With more and more online retailers promising same-day delivery, the location of warehouses is becoming more important than ever.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
