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Home Finance Prologis to Acquire Nearly 14MM SQFT of Industrial Properties from Blackstone in $3.1B Deal
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Prologis to Acquire Nearly 14MM SQFT of Industrial Properties from Blackstone in $3.1B Deal

June 26, 20232 Mins read1.8k
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SAN FRANCISCO and NEW YORK -- Prologis, Inc. (NYSE: PLD) and Blackstone (NYSE: BX) today announced a definitive agreement for Prologis to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion, funded by cash. The acquisition price represents an approximately 4% cap rate in […]

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