A Blackstone affiliate paid $153.5M for adjacent Amazon-leased warehouses in Central Massachusetts, two industrial assets spanning a combined 600K SF.

The affiliate, Link Logistics Real Estate, purchased the warehouses from TA Realty two weeks ago, according to Worcester County land records.

The buildings are sorting facilities, where workers sort packages before they’re transferred to delivery stations or last-mile delivery partners. Colliers brokered the deal.

“The key to driving value for the seller was our ability to turn the relatively short-term lease into a positive attribute for the buyer,” Colliers Managing Director Frank Petz said in a statement. “Our deep understanding of market dynamics provided strong rationale and credibility for value-upside through rent growth.”

The deal was first reported by the Boston Business Journal. Link Logistics didn’t respond to a request for comment.

The facilities are part of The Gutierrez Cos.’ Cross Roads Industrial Park @ 495 Center, a 2M SF industrial park approximately 35 miles west of Boston. TA Realty purchased the two warehouse sites in 2019 for $3.6M and delivered them in 2020 for Amazon.

The warehouses are part of Amazon’s portfolio of more than two dozen warehouses across the Bay State, and the e-commerce giant earlier this year pledged to deliver seven new warehouses by the end of the year. The facilities are cogs in Greater Boston's red-hot e-commerce market, in which both public and private entities are scooping up space to meet rising delivery demands.

Amazon is also increasingly buying its warehouses nationwide in a pivot away from leasing, industry sources told Bisnow last week.

Link Logistics has a massive portfolio of more than 429M SF, over which 95% is occupied, the company said in August in a Q2 update. The industrial player also has a development pipeline of more than 14.1M SF across powerhouse industrial markets coast-to-coast.

Petz was joined in the transaction by Colliers’ Matt Shery, Jeanne Pinado, John Nasca and Brooke Howard.