Blackstone Group Acquires Industrial Property In Van Nuys For $83M

An industrial property located at 8201 Woodley Ave in Van Nuys has been sold for $83,000,000. Spanning a total area of 448,668 square feet, the property was acquired by Blackstone Group, represented by Stephen Schwarzman, Kathleen McСarthy, Jonathan Gray, and Ken Caplan. The seller of the property was Realty Bancorp Equities.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $83,000,000
• Address: 8201 Woodley Ave
• Market: Van Nuys
• Buyer: Blackstone Group - Stephen Schwarzman, Kathleen McСarthy, Jonathan Gray & Ken Caplan
• Seller: Realty Bancorp Equities
• Square Footage: 448,668
• Price Per Square Foot: $184

The Blackstone Group, led by Stephen Schwarzman, Kathleen McСarthy, Jonathan Gray, and Ken Caplan, successfully acquired the industrial property located at 8201 Woodley Ave in Van Nuys.