- e-commerce
- Amazon
- Target
- Wal-Mart
- USPS
- UPS
- FedEx
Data points:
- buyer: Blackstone Group
- seller: Singapore-based GLP
- deal: $18.7 billion --let's just call it $20 billion
- deal: 180-million-square-foot portfolio
- record: largest private real-estate transaction ever
- impact: a big bet on the continued explosion of e-commerce
- outbid: Prologis, Inc was outbid
- price per square foot of warehouse? $103/square foot -- amazing -- that's just about what one would expect -- $100/square foot
180 million square feet / 100,000 square feet = 1,800 Walmart stores (average size). Walmart operated about 4,800 stores in the US in 2019. Another source suggested Walmart operated close to 6,400 stores around the world.
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