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Duke Realty Rejects $24 Billion Prologis Offer, Calling It ‘Insufficient’

Industrial REIT Says It’s Still Open to Hearing Higher Bid
Duke Realty owns about 164.9 million rentable square feet of industrial assets, including the Perris Logistics Center in Perris, California. (CoStar)
Duke Realty owns about 164.9 million rentable square feet of industrial assets, including the Perris Logistics Center in Perris, California. (CoStar)

Duke Realty has rejected a nearly $24 billion acquisition offer from larger industrial real estate investment trust Prologis, calling the offer insufficient.

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