Prologis Closes B Buy of Duke Realty

The country's largest industrial real estate owner, Prologis Inc. (NYSE: PLD), has added north of 1 million square feet of Orange County real estat...

October 22, 2022
3:18 AM

The country's largest industrial real estate owner, Prologis Inc. (NYSE: PLD), has added north of 1 million square feet of Orange County real estate to its portfolio after closing on its $23 billion acquisition of Duke Realty Corp. (NYSE DRE), the Indianapolis-based industrial developer whose West Coast operations were based in Irvine. Duke Realty managed a nearly 20-million-square-foot Southern California portfolio out of an office at the 200 Spectrum Center tower and counted a sizeable number of industrial holdings in the region.

Katie Murar