CHICAGO—As reported in GlobeSt.com, Prologis will acquire its rival industrial REIT DCT Industrial Trust in a stock-for-stock deal for $8.4 billion. Experts say the deal, which boards of directors for both companies have approved, will help Prologis acquire land in the nation's top markets as e-commerce activity pushes up industrial demand to historic levels.
And although much of Denver-based DCT's 71 million square foot operating portfolio lies in Southern CA, San Francisco, NY/NJ, Seattle and South FL, it also has a significant presence in the Chicago region, which could mean an eventual boost in local activity from Prologis, the world's largest warehouse owner.
“I don't think this will be the only large industrial transaction this year,” Erik Foster a principal based in Avison Young's Chicago office and member of the company's national industrial capital markets group, tells GlobeSt.com. Moves such as this “continue to validate that investors consider industrial assets the prize possession in today's investment market.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
