Record Leasing Activity of 23 Million Square Feet
Significant Capital Deployment Activity; Increased Development Pipeline to $4.0 billion
NEW YORK – August 10, 2021 – Link Logistics Real Estate (“Link” or the “Company”), a Blackstone portfolio company and leading operator of the largest portfolio of high-quality logistics real estate assets located exclusively in the U.S., today provided an update on the Company’s second quarter 2021 leasing and investment activity. During the quarter, the Company grew its portfolio in high-growth distribution markets to more than 429 million square feet, which is over 95% occupied on a same store basis.
“Link’s footprint, scale and expertise have positioned our portfolio to benefit from historically strong fundamentals, resulting in record leasing and capital deployment during the quarter” said Link’s Chief Executive Officer, Luke Petherbridge. “We remain devoted to our culture of partnering with customers to improve their efficiencies through sustainable, cutting-edge approaches, tailored to address rapidly evolving consumption and logistics challenges.”
Nicholas Pell, Link’s President and Chief Investment Officer, added, “Our capital deployment strategy remains focused on the highest growth and most dynamic markets in the U.S., capitalizing on our national scale and local expertise to identify and secure the most compelling investment opportunities.”
Acquisitions and Development in Second Quarter
Additional Portfolio Activity in Second Quarter
About Link Logistics
Link Logistics, established by Blackstone in 2019, is a leading national provider of logistics real estate solutions designed to meet the needs of the modern supply chain. The Company operates the largest portfolio of high-quality logistics real estate assets located exclusively in the U.S. Link Logistics has more than 5,800 customers and 400 million square feet of logistics facilities across key distribution markets, particularly strategic last-mile locations in the U.S. Link Logistics has the scale, geographic footprint and logistics expertise, as well as a heightened focus on sustainability to power the supply chain of tomorrow. For more information regarding the Company, please visit www.linklogistics.com.
Joele Frank, Wilkinson Brimmer Katcher
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