Blackstone Real Estate Partners VIII L.P.’s $358.9 millio Acquisition of 41 industrial warehouses and two adjacent land parcels


Simpson Thacher advised Blackstone Real Estate Partners VIII L.P. on the deal

Blackstone Real Estate Partners VIII L.P. finalized the purchase of 41 industrial warehouses and two adjacent land parcels from FRP Holdings, Inc. (“FRP Holdings”) for $358.9 million. The properties are located in Maryland, Virginia and Delaware. The acquisition is expected to close in the second or third quarter of 2018 and is subject to customary closing conditions, including approval by the shareholders of FRP Holdings.

The Simpson Thacher team includes Sas Mehrara (Picture), Michael Goldberg, Sam Rudik and Amy Oster (Real Estate); Ben Schaye, Philip Cooper and Seth Lowinger (M&A); Nancy Mehlman and Nicole Humphrey (Tax); Andrew Blau, Jeanne Annarumma and Joo Hyun Lee (Executive Compensation and Employee Benefits); Peter Vassilev and Drew Harmon (Funds); and Karen Hsu Kelley (Public Company Advisory Practice).

Involved fees earner: Sasan Mehrara – Simpson Thacher & Bartlett; Michael Goldberg – Simpson Thacher & Bartlett; Samuel Rudik – Simpson Thacher & Bartlett; Ben Schaye – Simpson Thacher & Bartlett; Seth Lowinger – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Peter Vassilev – Simpson Thacher & Bartlett; Drew Harmon – Simpson Thacher & Bartlett; Karen Hsu Kelley – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone Real Estate Partners;

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Author: Ambrogio Visconti