As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.
Traditional retail is far from dead, according to four specialty concepts that previously were only online or online-wholesale, which have leased space for first-ever physical brick-and-mortar locations in DFW and Houston.
Anderson, one of GlobeSt.com's people to watch, encourages young professionals to learn about the data and services that are available to them, noting "It could make or break their careers."
This 9.08-acre acquisition by Prologis, within 10 minutes of San Jose's airport, near downtown and with access to the South Bay's major freeways, makes it an ideal candidate to fill some of the last-mile demand.