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Prologis Offers To Buy Warehouse Developer Duke Realty in $24 Billion Deal

All-Stock Deal, if a Reluctant Duke Realty Accepts, Would Expand Largest US Industrial REIT
Hamid Moghadam, CEO of Prologis, has been pursuing Duke Realty since November. (Getty Images)
Hamid Moghadam, CEO of Prologis, has been pursuing Duke Realty since November. (Getty Images)

Prologis, the nation’s largest industrial real estate investment trust, is offering to buy Duke Realty in an almost $24 billion deal that’s just the latest in a flurry of acquisitions among REITs since last year, particularly those that own warehouse and logistics property.

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