Prologis, Inc. Announces Sale of 2.8 Million Square Foot Portfolio to Clarion Partners

Prologis, Inc. PLD today announced the successful sale of a 2.8 million-square-foot industrial portfolio for an aggregate price of approximately $118 million to Clarion Partners. The 13 properties are located in nine markets including Atlanta, Cincinnati, Columbus, Dallas, Indianapolis, San Antonio, Phoenix, Salt Lake City and Tracy, CA. "This disposition is part of our continuing program to enhance investor returns in our private capital funds," said Guy F. Jaquier, chief executive officer of Prologis Private Capital. "We are selectively selling properties where we have maximized value or where they no longer fit our strategic goals and objectives."