Thursday, June 19, 2014
Prologis sells multiple Dallas-area industrial buildings to investor TPG
Industrial real estate developer and investor Prologis has sold a big package of U.S. warehouse properties – including a dozen in North Texas.
Prologis sold 59 of its industrial buildings around the country to Dallas-based investment firm TPG.
The investment group paid a reported $375 million for the 7.5 million square feet of warehouse located in Columbus, Chicago, Cincinnati, Dallas, Denver, El Paso, Los Angeles, Portland and Seattle.
Prologis did not release a detailed inventory of the properties sold.
But Dallas County deed records show that the buildings are located in the Pinnacle Park development west of downtown, in Farmers Branch, Carrollton, Addison and Richardson.
Steve Brown- Dallas News