Goldman Venture Buys $300 Million of Warehouses From Blackstone

Goldman Sachs Group Inc.’s alternative investment arm is pushing deeper into warehouses with the purchase of a nearly $300 million portfolio of logistics buildings from Blackstone Inc.

The bank partnered with Dallas-based real estate firm Dalfen Industrial to acquire 21 buildings across Las Vegas, Dallas, Cincinnati and parts of Pennsylvania. The properties total roughly 2.1 million square feet (195,100 square meters) and are 92% leased to 68 tenants, including Amazon and Red Bull, according to a statement Wednesday.

Warehouses close to population centers have become increasingly important as US shoppers purchase more and more items online and ...