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Industrial Property

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Prologis Acquires $3.1B Industrial Property Portfolio from Blackstone.

Originally Published 2 years ago — by The Wall Street Journal

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Source: The Wall Street Journal

Prologis is set to acquire a $3.1 billion industrial property portfolio from Blackstone, which includes 59 million square feet of logistics properties across the US. The acquisition is expected to close in the first quarter of 2021 and will make Prologis the largest owner of industrial real estate in the US.