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SAN FRANCISCO, May 28, 2024 /PRNewswire/ -- Prologis, Inc. , the global leader in logistics real estate, today announced that Hamid Moghadam, co-founder, chairman and CEO, and Dan Letter, president...
Blackstone has unloaded a FedEx distribution facility in Southern California as part of a larger $3.1 billion deal announced earlier this summer with fellow industrial behemoth Prologis. The seller entity is tied to Gramercy Property Trust, which was acquired by Blackstone in 2018. The facility was built in 2014 on 36 acres at 3255 and 11600 Cactus Avenue in Bloomington, Calif., in an industrial corridor that also includes distribution facilities for Amazon and Walmart, among other retailers.
Inland Empire warehouse a small part of the $3.1 billion deal announced in June
Prologis has purchased 14 million square feet of industrial property space from Blackstone Industrial in a $3.1 billion all-cash deal.
SAN FRANCISCO and NEW YORK, June 26, 2023 /PRNewswire/ -- 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 ...