This purchase, from FRP Holdings, is the second industrial portfolio acquisition Blackstone has made this month. Get alerted any time new stories match your search criteria. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. NEW YORK–Blackstone Real Estate Partners VIII has entered into a contract to buy a 41-asset industrial warehouse portfolio from the Jacksonville, FL-based FRP Holdings for $358.9 million. The properties are mainly located in the Baltimore, Philadelphia and Washington, DC markets.