Blackstone Ups OC Portfolio With PS Business Parks Buy

Private equity giant Blackstone has added more than 1.2 million square feet of office, industrial and retail space to its Orange County portfolio, ...

August 11, 2022
7:18 AM

Private equity giant Blackstone has added more than 1.2 million square feet of office, industrial and retail space to its Orange County portfolio, as part of its $7.6 billion acquisition last month of the nationwide portfolio of Glendale-based PS Business Parks Inc. (NYSE: PSB) The deal includes more than 750,000 square feet of business parks in Lake Forest and Laguna Hills, including The Row, a collection of retail and industrial spaces located within the 513,000-square-foot Laguna Hills Commerce Center.

Katie Murar