If anyone needed more evidence that online ordering and delivery is a very big deal for the U.S. economy, look no further than Monday’s blockbuster acquisition by Blackstone Group. The private equity juggernaut picked up 179 million square feet of U.S. urban logistical assets—industrial warehouses and related infrastructure—from Singapore-based GLP for $18.7 billion.

Blackstone was advised by a team from Simpson Thacher & Bartlett led by New York-based partner Brian Stadler (M&A) and Sasan Mehrara (real estate). Kirkland & Ellis advised GLP, tapping a deal team led by New Yorker Michael Brueck and London-based Michael Steele. 

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