Clarion Partners Acquires Prologis Portfolio for $118M

NEW YORK CITY-In one of the biggest industrial transactions to date this year, Clarion Partners LLC has acquired a 2.8-million-square-foot industrial property portfolio from San Francisco-based owner/developer Prologis Inc. for $118 million, the companies said Wednesday morning. The portfolio consists of 13 distribution properties across nine markets in seven states, including Columbus, OH; Dallas; Indianapolis; Phoenix; Salt Lake City; and Tracy, CA. CB Richard Ellis served as the exclusive broker on the deal.

GlobeSt.com has learned the sites include: the Patterson Pass Business Park #8 and #10 in Tracy, CA; Crossroads Corp. Center #1 and #3 and the Salt Lake International Distribution Center #8 in Salt Lake City; Kyrene Commons #3 in Tempe, AZ; Tri-County Distribution Center #1 in Schertz, AZ; the Waters Ridge Distribution Center #1 in Lewisville, TX; the Plainfield Park Building #3A in Plainfield, IN; the Capital Park South Distribution Center #4 in Grove City, OH; the West Chester Commerce Park #2 in West Chester, OH; the Princeton Distribution Center #1 in Cincinnati; and the Progress Distribution Center #1 in Lawrenceville, GA.