Prologis (PLD) to Acquire Duke Realty (DRE) for a $26 Billion All-Stock Deal
Prologis will be offering 0.475 of a Prologis share to each share held of Duke Realty
Duke Realty controls more than 150 Million Square Feet of space across 548 Properties in Major Markets such as Atlanta Dallas, Chicago, Southern California and Columbus
In May, Duke Realty rejected a 23.7 Billion offer.
No long-term maturities for Duke or Prologis until 2026, keeping interest rate exposure at bay
Includes all land and in-progress development
Prologis will be selling off approximately 6% of the portfolio, in a market that has yet to be identified
Meet Nick Jurgens
Industrial properties for both owner/users and investors have been on the run since the COVID shut-downs. The push for E-commerce during that period has only accelerated the demand for high-quality warehouse space. In a different category, there has been aggressive price action on assets that include outside storage accompanied with real property. These properties can demand a higher return based on unique users, and limited availability with local zoning restrictions.
11055 Leroy Dr. Northglenn, CO
Unique Warehouse/Manufacturing Property with 2+ Acre Outdoor Storage Yard
List Price: $10,999,999
Unique Warehouse/Manufacturing Property with huge 2+ Acre outside storage yard. Easy access to I-25 with more than enough power for any need/use. With multiple drive-in doors and dock-high doors available. With over 22 feet of clear height and a structual second floor for additional uses, this property will not last on the market.