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Prologis (PLD) has paid $199.4 million for an industrial complex in Lanham, Md., part of a $3.1 billion industrial portfolio it purchased from fellow industrial heavyweight Blackstone (BX). A Prologis affiliate purchased a collection of warehouses spanning 711,800 square feet at the 67-acre Hargrove Industrial Campus at 4600 Hargrove Drive, according to property records. The individual warehouses are located at 4400 and 4450 Hargrove Drive and 9300 Martin Luther King Jr. Highway, according to the Washington Business Journal, which first reported the deal.

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