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Prologis to Buy Warehouse Owner Industrial Property Trust for $3.99 Billion

REIT's Portfolio Comprises 37.5 Million Square Feet Across 236 Properties
The 610,000-square-foot 760 Commerce Parkway East in Greenwood, Indiana, is among the largest properties Prologis agreed to acquire. Photo: CoStar Group
The 610,000-square-foot 760 Commerce Parkway East in Greenwood, Indiana, is among the largest properties Prologis agreed to acquire. Photo: CoStar Group
CoStar News
July 16, 2019 | 12:01 P.M.

Logistics giant Prologis agreed to acquire warehouse owner Industrial Property Trust from Black Creek Group for $3.99 billion, taking advantage of increased demand for warehouses.

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