Tuesday , 27 September 2016
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Prologis Buying KTR for $5.9 Billion; Deal Includes 322 Warehouses

SAN FRANCISCO – Prologis Inc. has agreed to acquire KTR Capital Partners, an industrial realty firm based in New York, $5.9 billion.

The KTR portfolio includes 322 warehouse and industrial properties with 60 million square feet, plus 3.6 million square feet of partially-completed industrial space under development and some business park land with a build-out potential of 6.8 million square feet.

Prologis said acquisition will strengthen its presence in Southern California, New Jersey, Chicago, South Florida, Seattle and Dallas.

Prologis, a REIT based in San Francisco, owns 2,853 properties in the U.S. and Europe.

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