Blackstone Buying Mall, Warehouse Stake

(Reuters) – Blackstone Group LP (BX.N) has agreed to buy a shopping mall in Hawaii as well as a stake in a warehouse venture for a combined $859 million, Bloomberg reported on Monday, citing two sources.

The private equity firm is buying the Pearlridge Center on Oahu with Glimcher Realty Trust (GRT.N) for $242 million, according to Bloomberg.

Blackstone has also agreed to buy Eaton Vance Corp’s (EV.N) 80 percent stake in a warehouse joint venture with ProLogis (PLD.N) for $105 million plus $512 million in assumed debt, Bloomberg reported.

Calls to Blackstone Group, ProLogis, Glimcher Realty Trust and Eaton Vance were not immediately returned. (Reporting by Helen Kearney; Editing by Richard Chang)