Green Touch Builders | Prologis buys KTR Capital portfolio in $5.9 billion deal
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April 20, 2015 By SEO Admin

Prologis buys KTR 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…