Deals
Blackstone to Sell Warehouses to Prologis for $3.1 Billion
- Deal will expand Prologis’ reach in cities including Atlanta
- Properties in deal total nearly 14 million square feet
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Blackstone Inc. struck a deal to sell warehouses and industrial properties to Prologis Inc. for $3.1 billion.
Prologis’ deal will expand its reach in key markets including Atlanta and parts of California, the companies said Monday in a statement. The properties represent nearly 14 million square feet (1.3 million square meters).