Largest Private Real-Estate Transaction Ever -- Warehouse Network -- June 3, 2019

This tells me all I need to know about the future of:

• e-commerce
• Amazon
• Target
• Wal-Mart
• USPS
• UPS
• FedEx

From The Wall Street Journal:

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

An average Walmart store is 100,000 square feet.

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.