Blackstone buys up warehouses in $5.9B deal

Blackstone Group Inc. penned a $5.9 billion deal to buy a portfolio of industrial warehouses.

The deal with Colony Capital Inc. includes debt.

Earlier in the year, Blackstone penned a deal to buy Singapore-based GLP's U.S. warehouses for $18.7 billion, including debt.

The acquisitions are seen as logistics plays to capitalize on growing e-commerce trends.

Read more from The Wall Street Journal.