April 20, 2015
Prologis buys KTL Capital portfolio in $5.9 billion deal
Prologis, a San Francisco-based real estate investment and development company, has acquired a $5.9 billion portfolio from KTR Capital Partners.
The portfolio includes 60 million square feet in 322 properties located in California, New Jersey, Florida, Chicago, Seattle and Dallas.
Also included in the purchase is 3.6 million square feet of in-progress construction and a land bank large enough for 6.8 million square feet of development.
Prologis (NYSE: PLD) will purchase the portfolio as part of…