GlobeSt.com: Prologis Closes Its Most Strategic Deal in Seven Years

San Francisco, CA, October 5, 2022 – In what the company calls its biggest and most strategic acquisition in seven years, Prologis on Monday announced the completion of its all-stock acquisition of Duke Realty Corporation following approval by the shareholders of Prologis and Duke Realty.

The deal is valued at approximately $23 billion, including the assumption of debt, and the completed transaction expands Prologis' presence in key U.S. markets.

Brett Turner, senior managing director, acquisitions & dispositions, BKM Capital Partners, tells GlobeSt.com, “This acquisition demonstrates the continued belief in the industrial asset class by some of the smartest people in the business. Fundamentals have never been better and while the capital markets have shown signs of turmoil, creative players can still get large deals done.”

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