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Prologis Pays $200M for Lanham Warehouses, Part of Blackstone Portfolio Buy

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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Prologis Pays $200M for Lanham Warehouses, Part of Blackstone Portfolio Buy – Commercial Observer

Prologis has paid $199.4 million for the Hargrove Industrial Campus in Lanham, Md., part of a $3.1 billion industrial portfolio buy. ....

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Food distributor Baldor to double routes, hire 100

Bronx, New York-based commercial food distributor Baldor Specialty Foods has signed a lease for a 100,000-square-foot warehouse and distribution facility in Lanham, Maryland. ....

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Baldor Specialty Foods expands DC-area operations

Baldor Specialty Foods, announced they’ve signed a lease for a new facility in Lanham, MD to significantly expand and enhance their operations in the DC area. The new 100,000 square foot warehouse facility includes 35 dock doors which will allow Baldor DC to essentially double its number of routes over the next few years and provide quicker and earlier deliveries to their restaurant and food service customers. ....

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Baldor Specialty Foods Expands DC-Area Operations with New 100,000+ Square Foot Warehouse in Lanham, MD

Large 35 Dock-Door Facility Means Streamlined Efficiencies to Serve Company's Growing Metro DC Customer Base ....

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