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Blackstone has unloaded a FedEx distribution facility in Southern California as part of a larger $3.1 billion deal announced earlier this summer with fellow industrial behemoth Prologis. The seller entity is tied to Gramercy Property Trust, which was acquired by Blackstone in 2018. The facility was built in 2014 on 36 acres at 3255 and 11600 Cactus Avenue in Bloomington, Calif., in an industrial corridor that also includes distribution facilities for Amazon and Walmart, among other retailers.

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