JLL’s Jim Postweiler (left), a Managing Director of the firm’s Office Investment Sales Group, says he anticipates that Blackstone will likely consider a variety of opportunities in Chicago and in several other secondary Midwestern markets:
“They’re savvy buyers who like opportunities where their purchasing power or contrarian approach make them the preferred candidate. They’ll look at a wide array of options but it won’t be smaller one-off deals. You can’t get your money deployed that way. They’ll definitely be looking at larger-scale portfolios.”
You can read the full story from Bloomberg here.