Prologis announces sale of 2.8m sq ft portfolio to Clarion Partners
Prologis, Inc., has announced the successful sale of a 2.8m sq ft industrial portfolio for an aggregate price of approximately $118m to Clarion Partners.
The 13 properties are located in nine US markets including Atlanta, Cincinnati, Columbus, Dallas, Indianapolis, San Antonio, Phoenix, Salt Lake City and Tracy, California.
"This disposition is part of our continuing programme to enhance investor returns in our private capital funds," said Guy F. Jaquier, chief executive officer of Prologis Private Capital. "We are selectively selling properties where we have maximised value or where they no longer fit our strategic goals and objectives."
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