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Blackstone to Buy Exhibit Space Provider

By Tony Seruga

The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.

Global investment giant Blackstone inks yet another deal that will expand its real estate holdings. Funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have committed to acquiring International Market Centers Inc., the largest owner and operator of premier showrooms space for the furnishings, home decor and gift industries in the U.S. Blackstone will purchase the company, which boasts a portfolio of 12.2 million square feet of exhibition space in High Point, N.C., and Las Vegas, from Bain Capital Private Equity LP and funds managed by Oaktree Capital Management LP…

Blackstone to Buy Exhibit Space Provider

Categories : Real Estate

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