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Prologis Closes $820 Million Purchase of Retail/Warehouse Portfolio

2015-10-14 14:31:00| National Real Estate Investor

Randyl Drummer <news@costar.com> Prologis, Inc. (NYSE: PLD) has completed the acquisition of a 5.4 million-square-foot portfolio of mostly Northern New Jersey industrial properties and retail buildings in the Tri-State New York and Florida markets, with the San Francisco industrial REIT announcing that the 2.2 million square feet in acquired retail assets will be sold to affiliates of Blackstone Real Estate Advisors for about $374 million, including assumption of debt. This portfolio... read more

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