When Blackstone Group shelled out $18.7 billion last year for 179 million square feet of industrial space, it was one of the largest real estate deals in history. So it’s not surprising that when Blackstone tapped the securitized debt market to finance a large chunk of that portfolio it acquired from Singapore’s GLP, it ended up being one of the largest single-borrower CMBS deals as well. The $5.6 billion mega-transaction, fittingly named BX 2019-XL, covered The post TRD Insights: Here’s how much tenants pay for space at Blackstone’s massive industrial portfolio appeared first on The Real Deal New York.